Celestica (TSE:CLS) Given “Market Perform” Rating at BMO Capital Markets

BMO Capital Markets restated their market perform rating on shares of Celestica (TSE:CLS) (NYSE:CLS) in a research note released on Monday, April 30th. They currently have a C$12.00 price target on the stock.

Several other brokerages have also recently commented on CLS. Scotiabank decreased their price objective on shares of Celestica from C$14.00 to C$11.00 and set a sector perform rating for the company in a report on Thursday, January 25th. Royal Bank of Canada decreased their price objective on shares of Celestica from C$13.00 to C$11.00 and set a sector perform rating for the company in a report on Thursday, January 25th.

Shares of TSE:CLS traded down C$0.14 during trading on Monday, hitting C$15.32. 218,154 shares of the company’s stock were exchanged, compared to its average volume of 323,579. Celestica has a 1-year low of C$12.27 and a 1-year high of C$19.25.

Celestica (TSE:CLS) (NYSE:CLS) last issued its quarterly earnings results on Friday, April 27th. The company reported C$0.13 EPS for the quarter, missing the consensus estimate of C$0.20 by C($0.07). Celestica had a return on equity of 4.27% and a net margin of 0.93%. The business had revenue of C$1.90 billion for the quarter, compared to analyst estimates of C$1.82 billion.

In related news, Director Elizabeth Delbianco sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of C$15.28, for a total transaction of C$343,800.00.

Celestica Company Profile

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. The company 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 repair and return services.

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