Celestica (CLS) Projected to Post Earnings on Wednesday

Celestica (NYSE:CLS) (TSE:CLS) is expected to be announcing its earnings results after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $1.04 per share and revenue of $2,512,747.10 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Celestica Price Performance

Shares of Celestica stock opened at $121.74 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The company has a market cap of $14.17 billion, a PE ratio of 38.65 and a beta of 2.25. The firm has a fifty day moving average price of $96.86 and a two-hundred day moving average price of $70.81. Celestica has a fifty-two week low of $30.84 and a fifty-two week high of $131.23.

Insider Transactions at Celestica

In other news, Director Michael Wilson sold 25,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the sale, the director now owns 1,784 shares in the company, valued at approximately $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

CLS has been the subject of several research reports. TD Cowen increased their target price on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Canaccord Genuity Group raised their price objective on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Royal Bank of Canada lifted their price objective on Celestica from $75.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. UBS Group assumed coverage on Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price for the company. Finally, BMO Capital Markets boosted their price target on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.45.

Celestica Company Profile

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.