Shares of Celestica Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) saw unusually-strong trading volume on Friday after TD Securities raised their price target on the stock from $23.00 to $29.00. TD Securities currently has a buy rating on the stock. Approximately 1,507,408 shares were traded during trading, an increase of 54% from the previous session’s volume of 976,217 shares.The stock last traded at $26.38 and had previously closed at $25.79.
A number of other research firms also recently weighed in on CLS. CIBC raised Celestica from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $14.00 to $25.00 in a research note on Friday, July 28th. Royal Bank of Canada upped their price target on Celestica from $22.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and upped their price target for the stock from $14.50 to $23.00 in a research note on Friday, July 28th. StockNews.com started coverage on Celestica in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Finally, Stifel Nicolaus upped their price target on Celestica from $20.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, August 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Celestica currently has an average rating of “Moderate Buy” and an average price target of $23.19.
Institutional Trading of Celestica
Celestica Trading Up 2.4 %
The firm has a fifty day simple moving average of $22.60 and a two-hundred day simple moving average of $16.46. The firm has a market capitalization of $3.15 billion, a P/E ratio of 19.15 and a beta of 2.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.43 and a quick ratio of 0.63.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.07. Celestica had a return on equity of 15.54% and a net margin of 2.17%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company earned $0.44 earnings per share. Celestica’s revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts anticipate that Celestica Inc. will post 2.06 earnings per share for the current fiscal year.
Celestica Company Profile
Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through Advanced Technology Solutions, and Connectivity & Cloud Solutions segments. 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.
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