Celestica (CLS) Reaches New 12-Month Low at $6.86

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Celestica Inc (NYSE:CLS) (TSE:CLS) reached a new 52-week low during trading on Monday . The stock traded as low as $6.86 and last traded at $6.94, with a volume of 5554 shares trading hands. The stock had previously closed at $6.95.

Several equities research analysts recently issued reports on CLS shares. Zacks Investment Research raised shares of Celestica from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a report on Monday, April 15th. Canaccord Genuity reissued a “buy” rating and issued a $11.00 target price on shares of Celestica in a report on Tuesday, February 5th. TD Securities reduced their target price on shares of Celestica from $12.00 to $10.00 and set a “hold” rating for the company in a report on Friday, February 1st. Finally, BMO Capital Markets set a $9.00 target price on shares of Celestica and gave the stock a “hold” rating in a report on Saturday, February 2nd. One research analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.39.

The firm has a market capitalization of $949.92 million, a PE ratio of 10.09 and a beta of 0.73. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.81.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Thursday, April 25th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.08. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. Celestica had a net margin of 2.67% and a return on equity of 13.21%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 EPS. On average, analysts anticipate that Celestica Inc will post -0.4 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley grew its holdings in Celestica by 91.4% during the 1st quarter. Morgan Stanley now owns 1,819,902 shares of the technology company’s stock valued at $15,378,000 after buying an additional 868,864 shares in the last quarter. SEI Investments Co purchased a new stake in Celestica during the 1st quarter valued at approximately $63,000. Renaissance Technologies LLC purchased a new stake in Celestica during the 1st quarter valued at approximately $1,061,000. CNA Financial Corp grew its holdings in Celestica by 51.6% during the 1st quarter. CNA Financial Corp now owns 104,004 shares of the technology company’s stock valued at $879,000 after buying an additional 35,406 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Celestica by 1.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,714,443 shares of the technology company’s stock valued at $22,937,000 after buying an additional 37,097 shares in the last quarter. 67.25% of the stock is owned by institutional investors.

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Celestica Company Profile (NYSE:CLS)

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, 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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