2 weeks Ago By ABMN Staff
HBK Sorce Advisory LLC bought a new position in shares of Celestica Inc. ( NYSE:CLS – Free Report ) (TSE:CLS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,962 shares of the technology company’s stock, valued at approximately $284,000.
Several other large investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC increased its stake in shares of Celestica by 32.1% during the 2nd 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 increased its position in Celestica by 1.9% during the second quarter.
Bay Rivers Group now owns 19,517 shares of the technology company’s stock worth $1,119,000 after buying an additional 370 shares in the last quarter. Naples Money Management LLC raised its holdings in shares of Celestica by 90.0% in the second quarter.
Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after acquiring an additional 450 shares during the last quarter. Byrne Asset Management LLC lifted its position in shares of Celestica by 52.8% in the second quarter.
Byrne Asset Management LLC now owns 1,910 shares of the technology company’s stock valued at $109,000 after acquiring an additional 660 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc.
purchased a new stake in shares of Celestica in the second quarter valued at $59,000. Institutional investors and hedge funds own 67.38% of the company’s stock.
Wall Street Analysts Forecast Growth Several research analysts recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of Celestica from $53.00 to $63.
00 and gave the company an “outperform” rating in a research note on Monday, June 17th. CIBC boosted 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. Canaccord Genuity Group raised their target price on shares of Celestica from $53.00 to $70.
00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada lifted their target price on shares of Celestica from $53.00 to $63.
00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Finally, Stifel Nicolaus raised Celestica from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Monday, September 9th.
Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $58.38.
Celestica Trading Up 0.7 % CLS stock opened at $45.87 on Monday.
The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.
49. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 17.
12 and a beta of 2.29. The business has a fifty day simple moving average of $51.
66 and a 200-day simple moving average of $50.47. Celestica Inc.
has a 52 week low of $20.87 and a 52 week high of $63.49.
Celestica ( NYSE:CLS – Get Free Report ) (TSE:CLS) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.
81 by $0.10. The company had revenue of $2.
39 billion during the quarter, compared to analyst estimates of $2.25 billion. Celestica had a return on equity of 19.
96% and a net margin of 4.16%. The firm’s revenue was up 23.
3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share.
On average, equities research analysts expect that Celestica Inc. will post 3.22 EPS 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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