Brokerages Set Celestica Inc. (NYSE:CLS) Target Price at $81.45

Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS has been given a consensus rating of "Moderate Buy" by the eleven research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $81.45.

CLS has been the subject of several research reports. Stifel Nicolaus increased their target price on Celestica from $70.00 to $100.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Royal Bank of Canada raised their price objective on shares of Celestica from $75.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday. TD Securities boosted their target price on shares of Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. BMO Capital Markets raised their price target on shares of Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Canaccord Genuity Group boosted their price objective on shares of Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, December 20th.

Insider Buying and Selling

In other news, Director Michael Wilson sold 25,000 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the sale, the director now directly owns 1,784 shares in the company, valued at $176,134.32. This trade represents a 93.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLS. Optimum Investment Advisors raised its position 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 purchasing an additional 200 shares during the period. Financial Management Professionals Inc. acquired a new position in Celestica during the third quarter worth $30,000. UMB Bank n.a. bought a new position in shares of Celestica in the third quarter valued at $34,000. Private Trust Co. NA grew its holdings in shares of Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock valued at $44,000 after buying an additional 720 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in shares of Celestica during the third quarter worth about $51,000. Institutional investors own 67.38% of the company's stock.

Celestica Price Performance

Shares of CLS traded up $1.19 during mid-day trading on Friday, reaching $103.66. The company had a trading volume of 3,068,415 shares, compared to its average volume of 2,047,477. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of 32.91 and a beta of 2.25. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The company's 50 day simple moving average is $90.46 and its 200 day simple moving average is $66.87. Celestica has a 1-year low of $26.62 and a 1-year high of $104.92.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.11. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The company's quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. Analysts expect that Celestica will post 3.44 EPS for the current year.

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.