Brokerages Set Celestica Inc. (NYSE:CLS) PT at $110.83

Shares of Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS have been given an average rating of "Buy" by the thirteen research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $110.83.

Several brokerages have recently issued reports on CLS. Royal Bank of Canada raised their price objective on shares of Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Canaccord Genuity Group raised their price target on shares of Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Barclays lifted their target price on Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, UBS Group assumed coverage on Celestica in a report on Friday, November 22nd. They issued a "neutral" rating and a $95.00 price target for the company.

Celestica Stock Performance

CLS traded down $14.33 during midday trading on Monday, reaching $92.72. The company's stock had a trading volume of 8,093,977 shares, compared to its average volume of 5,007,196. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The company has a fifty day simple moving average of $112.09 and a 200 day simple moving average of $82.73. The stock has a market cap of $10.79 billion, a P/E ratio of 24.79 and a beta of 2.27. Celestica has a twelve month low of $40.25 and a twelve month high of $144.27.

Insider Buying and Selling at Celestica

In related news, President Todd C. Cooper sold 9,538 shares of Celestica 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 completion of the transaction, the president now directly owns 175,426 shares of the company's stock, valued at $22,373,832.04. This trade represents a 5.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alok K. Agrawal sold 6,826 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the sale, the insider now directly owns 9,224 shares in the company, valued at $1,235,278.08. This represents a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock worth $119,142,019 over the last three months. Company insiders own 1.00% of the company's stock.

Institutional Trading of Celestica

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

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.