1 week Ago By ABMN Staff
Custom Index Systems LLC bought a new position in Celestica Inc. ( NYSE:CLS – Free Report ) (TSE:CLS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 7,227 shares of the technology company’s stock, valued at approximately $414,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC grew its holdings in shares of Celestica by 32.1% during the second quarter.
Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after purchasing an additional 170 shares in the last quarter. Bay Rivers Group grew its holdings in shares of Celestica by 1.9% during the 2nd quarter.
Bay Rivers Group now owns 19,517 shares of the technology company’s stock valued at $1,119,000 after purchasing an additional 370 shares during the last quarter. Naples Money Management LLC grew its holdings in shares of Celestica by 90.0% during the 2nd quarter.
Naples Money Management LLC now owns 950 shares of the technology company’s stock valued at $55,000 after purchasing an additional 450 shares during the last quarter. Byrne Asset Management LLC lifted its stake in Celestica by 52.8% in the second quarter.
Byrne Asset Management LLC now owns 1,910 shares of the technology company’s stock worth $109,000 after purchasing an additional 660 shares during the last quarter. Finally, Guardian Capital Advisors LP boosted its position in Celestica by 8.5% during the fourth quarter.
Guardian Capital Advisors LP now owns 8,770 shares of the technology company’s stock valued at $256,000 after buying an additional 685 shares during the period. 67.38% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades Several brokerages have weighed in on CLS. BMO Capital Markets boosted 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. CIBC lifted their price target on Celestica from $58.00 to $60.
00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Fox Advisors started coverage on shares of Celestica in a research note on Wednesday, May 15th. They set an “overweight” rating and a $60.
00 price objective for the company. Canaccord Genuity Group upped their target price on shares of Celestica from $53.00 to $70.
00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada upped their price objective on Celestica from $53.00 to $63.
00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and an average target price of $58.
38. Celestica Stock Performance CLS stock opened at $41.03 on Monday.
The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.
86. Celestica Inc. has a 1 year low of $20.
87 and a 1 year high of $63.49. The company has a market cap of $4.
87 billion, a P/E ratio of 15.31 and a beta of 2.29.
The stock’s fifty day moving average price is $53.03 and its 200-day moving average price is $50.36.
Celestica ( NYSE:CLS – Get Free Report ) (TSE:CLS) last released its quarterly 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. Celestica had a return on equity of 19.
96% and a net margin of 4.16%. The business had revenue of $2.
39 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the company posted $0.
55 EPS. The business’s quarterly revenue was up 23.3% compared to the same quarter last year.
On average, equities analysts forecast that Celestica Inc. will post 3.22 earnings per share for the current year.
About Celestica ( 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.
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