Celestica (NYSE:CLS) Shares Up 0.8%

Celestica Inc. (NYSE:CLS) (TSE:CLS) shares shot up 0.8% during trading on Friday . The company traded as high as $58.37 and last traded at $57.63. 288,576 shares were traded during mid-day trading, a decline of 87% from the average session volume of 2,275,489 shares. The stock had previously closed at $57.20.

Wall Street Analyst Weigh In

A number of brokerages have commented on CLS. BMO Capital Markets increased their price objective on Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Stifel Nicolaus increased their price objective on Celestica from $48.00 to $51.00 and gave the company a “hold” rating in a research report on Monday, May 13th. Royal Bank of Canada increased their price objective on Celestica from $47.00 to $53.00 and gave the company an “outperform” rating in a research report on Sunday, April 28th. StockNews.com lowered Celestica from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Finally, CIBC increased their price objective on Celestica from $49.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, May 27th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average target price of $47.22.

Celestica Price Performance

The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 21.39 and a beta of 2.28. The company has a current ratio of 1.42, a quick ratio of 0.78 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average of $52.07 and a 200 day moving average of $42.90.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.10 billion. Celestica had a return on equity of 18.25% and a net margin of 3.86%. Equities research analysts predict that Celestica Inc. will post 2.87 EPS for the current fiscal year.

Institutional Trading of Celestica

Hedge funds have recently added to or reduced their stakes in the business. Principal Securities Inc. acquired a new stake in Celestica during the 4th quarter worth $42,000. Byrne Asset Management LLC raised its stake in shares of Celestica by 78.6% in the 1st quarter. Byrne Asset Management LLC now owns 1,250 shares of the technology company’s stock valued at $56,000 after purchasing an additional 550 shares during the period. UMB Bank n.a. acquired a new stake in shares of Celestica in the 1st quarter valued at about $64,000. Blue Trust Inc. raised its stake in shares of Celestica by 128.6% in the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock valued at $72,000 after purchasing an additional 1,384 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Celestica in the 1st quarter valued at about $110,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.