Barclays Issues Positive Forecast for Celestica (NYSE:CLS) Stock Price

Celestica (NYSE:CLS - Free Report) TSE: CLS had its price objective increased by Barclays from $139.00 to $157.00 in a report published on Thursday,Benzinga reports. They currently have an overweight rating on the technology company's stock.

A number of other equities research analysts have also commented on CLS. UBS Group assumed coverage on shares of Celestica in a report on Friday, November 22nd. They set a "neutral" rating and a $95.00 price objective on the stock. CIBC upgraded shares of Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price on the stock in a research report on Friday, January 31st. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. TD Cowen raised their price objective 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. Finally, BMO Capital Markets boosted their target price on Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $104.91.

Celestica Price Performance

Shares of CLS traded up $2.38 during trading hours on Thursday, hitting $132.16. The stock had a trading volume of 2,707,072 shares, compared to its average volume of 5,877,522. The stock has a market capitalization of $15.38 billion, a price-to-earnings ratio of 35.34 and a beta of 2.27. 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's fifty day moving average is $107.15 and its two-hundred day moving average is $77.79. Celestica has a 52 week low of $36.11 and a 52 week high of $144.27.

Insiders Place Their Bets

In other news, President Todd C. Cooper sold 65,000 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the transaction, the president now directly owns 110,426 shares in the company, valued at $14,331,086.28. This represents a 37.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Yann L. Etienvre sold 9,181 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74. Following the completion of the transaction, the insider now owns 83,179 shares of the company's stock, valued at approximately $10,608,649.66. This represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock valued at $119,142,019 in the last quarter. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning lifted its holdings in 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 purchasing an additional 2,714 shares during the last quarter. Optimum Investment Advisors lifted its holdings in shares of Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock worth $26,000 after buying an additional 200 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in Celestica in the 3rd quarter valued at about $275,000. Stratos Wealth Advisors LLC grew its holdings in shares of Celestica by 20.0% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,200 shares of the technology company's stock worth $215,000 after purchasing an additional 700 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Celestica by 97.3% in the 3rd quarter. Blue Trust Inc. now owns 14,433 shares of the technology company's stock valued at $738,000 after buying an additional 7,119 shares during the period. Institutional investors own 67.38% of the company's stock.

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.