Rockingstone Advisors LLC 对 Celestica Inc. (NYSE:CLS) 进行了新的投资
Rockingstone Advisors LLC acquired 42,590 shares of Celestica Inc. (NYSE:CLS) worth approximately $542,000, representing 1.3% of its portfolio. Other institutional investors have also increased their stakes. Several analysts have rated Celestica with a consensus rating of "Moderate Buy" and a target price around $8.38. The company's recent earnings report showed an EPS of $0.91, beating expectations, with revenues up 23.3% year-over-year. Celestica specializes in supply chain solutions across various regions and operates in two main segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions.
Rockingstone Advisors LLC bought a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 42,590 shares of the technology company's stock, valued at approximately $2,442,000. Celestica makes up approximately 1.3% of Rockingstone Advisors LLC's portfolio, making the stock its 29th largest position.
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Other institutional investors and hedge funds also recently modified their holdings of the company. Oliver Luxxe Assets LLC bought a new position in Celestica in the 1st quarter worth approximately $3,248,000. Dimensional Fund Advisors LP grew its position in shares of Celestica by 12.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,314,600 shares of the technology company's stock valued at $38,491,000 after purchasing an additional 147,417 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Celestica by 62.9% during the 1st quarter. BNP Paribas Financial Markets now owns 546,230 shares of the technology company's stock valued at $24,548,000 after purchasing an additional 210,943 shares during the period. AJOVista LLC bought a new stake in shares of Celestica during the 4th quarter valued at $123,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Celestica during the 1st quarter worth about $1,231,000. 67.38% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Fox Advisors initiated 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. BMO Capital Markets raised their price target on shares of Celestica from $53.00 to $63.00 and gave the company an "outperform" rating in a report on Monday, June 17th. Canaccord Genuity Group boosted their price target on shares of Celestica from $48.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, April 26th. CIBC lifted their price objective on Celestica from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, July 26th. Finally, Canaccord Genuity Group boosted their target price on Celestica from $53.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $58.38.
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Read Our Latest Research Report on Celestica
Celestica Price Performance
CLS traded down $1.22 during midday trading on Friday, hitting $54.78. The stock had a trading volume of 1,269,313 shares, compared to its average volume of 2,324,994. Celestica Inc. has a 1 year low of $20.22 and a 1 year high of $63.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.47. The business has a fifty day moving average of $54.77 and a 200 day moving average of $48.69. The company has a market cap of $6.51 billion, a P/E ratio of 20.57 and a beta of 2.31.
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Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.81 by $0.10. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 EPS. As a group, equities analysts forecast that Celestica Inc. will post 3.22 earnings per share for the current fiscal year.
Celestica Profile
(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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