Celestica Inc. (NYSE:CLS – Get Free Report) (TSE:CLS)’s stock price hit a new 52-week high during mid-day trading on Friday after TD Securities raised their price target on the stock from $68.00 to $70.00. TD Securities currently has a buy rating on the stock. Celestica traded as high as $68.64 and last traded at $68.64, with a volume of 16959 shares traded. The stock had previously closed at $67.94.
A number of other equities research analysts have also weighed in on the stock. StockNews.com lowered shares of Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. CIBC raised their target price on Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Canaccord Genuity Group upped their target price on shares of Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 26th. BMO Capital Markets raised their price target on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Royal Bank of Canada boosted their price objective on Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.67.
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Celestica Stock Performance
The stock has a 50 day moving average of $52.13 and a two-hundred day moving average of $52.13. The stock has a market capitalization of $8.15 billion, a PE ratio of 25.34 and a beta of 2.28. 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 (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. Research analysts expect that Celestica Inc. will post 3.22 EPS for the current fiscal year.
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.
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