Celestica (NYSE:CLS) Given New $48.00 Price Target at Stifel Nicolaus

Celestica (NYSE:CLS) (TSE:CLS) had its target price raised by Stifel Nicolaus from $36.00 to $48.00 in a research report report published on Friday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the technology company’s stock.

Several other equities research analysts have also recently commented on the company. CIBC reissued a neutral rating and set a $49.00 target price (up previously from $41.00) on shares of Celestica in a report on Friday. Royal Bank of Canada boosted their target price on Celestica from $38.00 to $47.00 and gave the stock an outperform rating in a report on Monday, April 22nd. StockNews.com cut Celestica from a buy rating to a hold rating in a report on Wednesday, February 28th. TD Securities boosted their target price on Celestica from $33.00 to $40.00 and gave the stock a buy rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets lifted their price target on shares of Celestica from $37.00 to $48.00 and gave the stock an outperform rating in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $41.50.

Celestica Stock Performance

CLS opened at $43.43 on Friday. The business’s 50 day moving average is $44.57 and its 200-day moving average is $34.36. The stock has a market cap of $5.18 billion, a PE ratio of 16.21 and a beta of 2.22. The company has a current ratio of 1.40, a quick ratio of 0.75 and a debt-to-equity ratio of 0.41. Celestica has a twelve month low of $10.50 and a twelve month high of $51.12.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, January 29th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Celestica had a return on equity of 18.21% and a net margin of 3.86%. On average, analysts predict that Celestica will post 2.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CLS. Trexquant Investment LP raised its stake in Celestica by 0.6% during the 3rd quarter. Trexquant Investment LP now owns 88,491 shares of the technology company’s stock valued at $2,170,000 after purchasing an additional 502 shares during the period. Byrne Asset Management LLC raised its stake in Celestica by 78.6% during 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. Guardian Capital Advisors LP raised its stake in Celestica by 8.5% during the 4th quarter. Guardian Capital Advisors LP now owns 8,770 shares of the technology company’s stock valued at $256,000 after purchasing an additional 685 shares during the period. Clearstead Advisors LLC acquired a new stake in Celestica during the 3rd quarter valued at $32,000. Finally, Blue Trust Inc. raised its stake in Celestica by 128.6% during 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. Institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

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.