Celestica Inc. (NYSE:CLS) Receives $110.83 Consensus Price Target from Analysts

Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS has been assigned an average recommendation of "Buy" from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $110.83.

Several equities research analysts recently commented on CLS shares. JPMorgan Chase & Co. started coverage on shares of Celestica in a report on Friday, February 21st. They issued an "overweight" rating and a $166.00 price target for the company. TD Securities boosted their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Royal Bank of Canada boosted their price target on shares of Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Finally, Stifel Nicolaus boosted their price target on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th.

Insiders Place Their Bets

In other news, Director Michael Wilson sold 25,000 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now owns 1,784 shares of the company's stock, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Todd C. Cooper sold 9,538 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the transaction, the president now directly owns 175,426 shares in the company, valued at approximately $22,373,832.04. The trade was a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock valued at $119,142,019 in the last 90 days. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CLS. Creative Planning boosted its position in shares of Celestica by 36.1% during the 3rd quarter. Creative Planning now owns 10,240 shares of the technology company's stock valued at $523,000 after acquiring an additional 2,714 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its position in Celestica by 34.4% in the third quarter. Gladstone Institutional Advisory LLC now owns 9,179 shares of the technology company's stock valued at $469,000 after buying an additional 2,348 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Celestica by 52.7% in the third quarter. Harbor Capital Advisors Inc. now owns 61,478 shares of the technology company's stock valued at $3,143,000 after buying an additional 21,228 shares during the last quarter. Van ECK Associates Corp lifted its position in Celestica by 40.0% in the third quarter. Van ECK Associates Corp now owns 67,266 shares of the technology company's stock valued at $3,439,000 after buying an additional 19,221 shares during the last quarter. Finally, Forte Capital LLC ADV lifted its position in Celestica by 1,034.9% in the third quarter. Forte Capital LLC ADV now owns 118,691 shares of the technology company's stock valued at $6,067,000 after buying an additional 108,233 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Price Performance

Shares of NYSE CLS opened at $90.88 on Monday. The firm has a market cap of $10.58 billion, a PE ratio of 24.30 and a beta of 2.21. The firm has a fifty day moving average of $111.85 and a 200 day moving average of $83.24. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica has a one year low of $40.25 and a one year high of $144.27.

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.

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