1 week Ago By ABMN Staff
Celestica Inc. ( NYSE:CLS – Get Free Report ) (TSE:CLS) shares traded down 4.5% on Friday .
The stock traded as low as $43.47 and last traded at $43.82.
604,940 shares were traded during mid-day trading, a decline of 73% from the average session volume of 2,267,014 shares. The stock had previously closed at $45.90.
Analyst Upgrades and Downgrades A number of equities analysts have recently issued reports on CLS shares. Fox Advisors assumed coverage on Celestica in a research report on Wednesday, May 15th. They set an “overweight” rating and a $60.
00 price target on the stock. Royal Bank of Canada upped their target price on Celestica from $53.00 to $63.
00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. BMO Capital Markets boosted their price target on Celestica from $53.00 to $63.
00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. CIBC increased their price objective on shares of Celestica from $58.00 to $60.
00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, StockNews.com downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.
Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $58.38.
Check Out Our Latest Stock Report on Celestica Celestica Stock Performance Celestica ( NYSE:CLS – Get Free Report ) (TSE:CLS) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
81 by $0.10. The company had revenue of $2.
39 billion during the quarter, compared to the consensus estimate of $2.25 billion. Celestica had a net margin of 4.
16% and a return on equity of 19.96%. The firm’s quarterly revenue was up 23.
3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share.
Sell-side analysts forecast that Celestica Inc. will post 3.22 earnings per share for the current fiscal year.
Institutional Inflows and Outflows A number of large investors have recently bought and sold shares of CLS. Price T Rowe Associates Inc. MD increased its holdings in shares of Celestica by 2,494.
7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703,742 shares of the technology company’s stock valued at $391,147,000 after purchasing an additional 8,368,293 shares in the last quarter.
Vanguard Group Inc. increased its holdings in Celestica by 1.5% in the first quarter.
Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock valued at $194,643,000 after buying an additional 64,658 shares in the last quarter. Point72 Asset Management L.
P. boosted its stake in shares of Celestica by 72.9% during the 4th quarter.
Point72 Asset Management L.P. now owns 3,386,709 shares of the technology company’s stock worth $99,163,000 after acquiring an additional 1,428,071 shares in the last quarter.
Acadian Asset Management LLC grew its position in shares of Celestica by 0.3% during the 1st quarter. Acadian Asset Management LLC now owns 2,640,877 shares of the technology company’s stock valued at $118,730,000 after acquiring an additional 7,335 shares during the period.
Finally, WCM Investment Management LLC increased its stake in shares of Celestica by 4.6% in the 1st quarter. WCM Investment Management LLC now owns 2,398,352 shares of the technology company’s stock valued at $107,782,000 after purchasing an additional 105,943 shares in the last quarter.
67.38% of the stock is owned by institutional investors and hedge funds. Celestica Company Profile ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.
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