Celestica Inc. (NYSE:CLS) Short Interest Update

Celestica Inc. (NYSE:CLS) (TSE:CLS) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 4,660,000 shares, a growth of 6.4% from the May 31st total of 4,380,000 shares. Based on an average daily volume of 2,280,000 shares, the short-interest ratio is presently 2.0 days. Approximately 3.9% of the company’s shares are sold short.

Celestica Trading Down 0.1 %

Shares of Celestica stock opened at $58.60 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.78. Celestica has a 1 year low of $14.37 and a 1 year high of $61.06. The company has a market capitalization of $6.96 billion, a P/E ratio of 21.87 and a beta of 2.31. The business has a 50 day moving average price of $52.95 and a 200 day moving average price of $43.52.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.10 billion. Celestica had a return on equity of 18.25% and a net margin of 3.86%. Sell-side analysts anticipate that Celestica will post 2.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in Celestica by 2,494.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703,742 shares of the technology company’s stock valued at $391,147,000 after acquiring an additional 8,368,293 shares during the last quarter. Vanguard Group Inc. raised its holdings in Celestica by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock valued at $194,643,000 after acquiring an additional 64,658 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Celestica by 72.9% in the 4th quarter. Point72 Asset Management L.P. now owns 3,386,709 shares of the technology company’s stock valued at $99,163,000 after acquiring an additional 1,428,071 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Celestica by 0.3% in the 1st quarter. Acadian Asset Management LLC now owns 2,640,877 shares of the technology company’s stock valued at $118,730,000 after acquiring an additional 7,335 shares during the last quarter. Finally, WCM Investment Management LLC raised its holdings in Celestica by 4.6% in the 1st quarter. WCM Investment Management LLC now owns 2,398,352 shares of the technology company’s stock valued at $107,782,000 after acquiring an additional 105,943 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Fox Advisors assumed coverage on Celestica in a research note on Wednesday, May 15th. They set an “overweight” rating and a $60.00 price target on the stock. CIBC upped their price objective on Celestica from $49.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, May 27th. Stifel Nicolaus upped their price objective on Celestica from $48.00 to $51.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. BMO Capital Markets increased their target price on Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, June 17th. Finally, Canaccord Genuity Group increased their target price on Celestica from $48.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average target price of $47.22.

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.