Wall Street analysts predict that Celestica (NYSE:CLS) (TSE:CLS) will report sales of $1.47 billion for the current fiscal quarter, according to Zacks. The company is scheduled to issue its next earnings report on Thursday, April 19th. First Trust Advisors LP now owns 45,033 shares of the technology company's stock valued at $558,000 after purchasing an additional 12,716 shares during the last quarter.
Celestica stock traded up $0.46 during mid-day trading on Friday, reaching $11.23. Beacon Securities restated a "buy" rating on shares of Celestica in a report on Monday, January 29th. Finally, Royal Bank of Canada reiterated a "hold" rating and set a $11.00 price objective on shares of Celestica in a research report on Thursday, January 25th. Current price places the company's stock -5.73% away from its 200-day simple moving average, 5.23%, away from the 50-day average and also 0.28% away from 20-day average. The analyst recommendations from a month ago are 12 Buy, 0 Overweight, 0 Sell, 6 Hold and 0 Underweight. Celestica had a net margin of 1.72% and a return on equity of 8.84%. Stifel Nicolaus maintained it with "Hold" rating and $13.0 target in Wednesday, January 24 report. The stock has a market cap of $1,324.47, a price-to-earnings ratio of 15.33 and a beta of 0.64.
Among 12 analysts covering Celestica (NYSE:CLS), 3 have Buy rating, 0 Sell and 9 Hold. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%. New York State Common Retirement Fund grew its holdings in shares of Celestica by 11.9% during the 3rd quarter. Bank of Montreal Can grew its holdings in shares of Celestica by 1.3% during the 4th quarter. Mackenzie Financial Corp now owns 4,392,568 shares of the company's stock worth $40,851,000 after buying an additional 4,192,371 shares during the period. Letko Brosseau & Associates Inc. now owns 20,326,063 shares of the technology company's stock valued at $213,813,000 after purchasing an additional 723,350 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Celestica by 27.5% during the 4th quarter. Finally, Donald Smith & CO.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Celestica by 6.1% in the second quarter.
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TORONTO (AP) _ Celestica Inc. The firm 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, and after-market fix and return services.