Celestica Inc. (NYSE:CLS) Receives $103.25 Average Price Target from Analysts

Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS has earned an average rating of "Buy" from the twelve analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $101.58.

A number of research firms recently commented on CLS. Barclays raised their price objective on shares of Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. TD Securities lifted their price target on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Stifel Nicolaus raised their price objective on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada reduced their price target on shares of Celestica from $160.00 to $120.00 and set an "outperform" rating for the company in a research report on Tuesday.

Insider Transactions at Celestica

In related news, insider Alok K. Agrawal sold 6,826 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now directly owns 9,224 shares of the company's stock, valued at approximately $1,235,278.08. This represents a 42.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yann L. Etienvre sold 9,181 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the completion of the transaction, the insider now owns 83,179 shares in the company, valued at $10,608,649.66. The trade was a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 934,381 shares of company stock worth $116,673,769. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Celestica

A number of hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC bought a new stake in Celestica during the 1st quarter valued at approximately $26,000. ORG Partners LLC bought a new stake in shares of Celestica in the first quarter valued at approximately $29,000. Peregrine Capital Management LLC acquired a new stake in shares of Celestica in the fourth quarter worth $30,000. Center for Financial Planning Inc. bought a new position in Celestica during the first quarter worth $30,000. Finally, Pinpoint Asset Management Ltd raised its stake in Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after purchasing an additional 182 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.

Celestica Trading Down 2.6 %

Shares of CLS traded down $2.40 during midday trading on Tuesday, hitting $89.74. The stock had a trading volume of 3,345,730 shares, compared to its average volume of 3,118,606. The business has a 50-day simple moving average of $90.89 and a two-hundred day simple moving average of $91.56. The firm has a market cap of $10.41 billion, a P/E ratio of 23.97 and a beta of 2.09. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica has a fifty-two week low of $40.25 and a fifty-two week high of $144.27.

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.