Sigma Planning Corp Buys New Shares in Celestica Inc. (NYSE:CLS)

Sigma Planning Corp purchased a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,218 shares of the technology company’s stock, valued at approximately $420,000.

Several other institutional investors have also added to or reduced their stakes in CLS. Optimum Investment Advisors boosted its holdings in Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of Celestica during the third quarter valued at approximately $30,000. UMB Bank n.a. bought a new position in shares of Celestica in the third quarter worth approximately $34,000. Wolff Wiese Magana LLC increased its stake in shares of Celestica by 32.1% in the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after buying an additional 170 shares during the period. Finally, Global Trust Asset Management LLC bought a new stake in Celestica during the 3rd quarter valued at $51,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Canaccord Genuity Group boosted their price objective on shares of Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Royal Bank of Canada increased their price objective on Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays initiated coverage on Celestica in a research note on Tuesday, November 5th. They set an “overweight” rating and a $91.00 target price on the stock. Finally, Stifel Nicolaus lifted their price target on shares of Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and a consensus price target of $69.10.

Celestica Trading Up 2.1 %

NYSE:CLS opened at $82.13 on Friday. The firm has a market capitalization of $9.74 billion, a P/E ratio of 26.07 and a beta of 2.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a one year low of $25.83 and a one year high of $87.99. The company’s 50-day simple moving average is $60.64 and its 200 day simple moving average is $55.73.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. As a group, analysts forecast that Celestica Inc. will post 3.44 EPS for the current fiscal year.

About Celestica

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.