Celestica (NYSE:CLS) Price Target Lowered to $105.00 at JPMorgan Chase & Co.

Celestica (NYSE:CLS - Free Report) TSE: CLS had its price target trimmed by JPMorgan Chase & Co. from $166.00 to $105.00 in a research report report published on Thursday, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the technology company's stock.

A number of other research firms have also recently issued reports on CLS. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. TD Securities raised their target price on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. CIBC dropped their price target on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research note on Tuesday. Stifel Nicolaus raised their price objective on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Finally, Barclays lifted their price objective on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Celestica currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.25.

Celestica Stock Up 4.4 %

Shares of CLS stock traded up $3.56 during trading hours on Thursday, reaching $84.12. 5,273,486 shares of the company's stock were exchanged, compared to its average volume of 3,102,287. Celestica has a 1 year low of $40.25 and a 1 year high of $144.27. 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 stock has a market cap of $9.75 billion, a PE ratio of 22.49 and a beta of 2.09. The stock's fifty day moving average price is $93.69 and its two-hundred day moving average price is $91.18.

Insider Activity

In related news, CEO Robert Mionis sold 75,000 shares of Celestica stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total value of $10,596,750.00. Following the sale, the chief executive officer now owns 456,417 shares of the company's stock, valued at approximately $64,487,157.93. This trade represents a 14.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Todd C. Cooper sold 65,000 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the sale, the president now directly owns 110,426 shares of the company's stock, valued at approximately $14,331,086.28. The trade was a 37.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 934,381 shares of company stock worth $116,673,769 in the last ninety days. Company insiders own 1.00% of the company's stock.

Institutional Trading of Celestica

Institutional investors have recently modified their holdings of the stock. State Street Corp purchased a new position in shares of Celestica in the third quarter valued at approximately $452,000. MML Investors Services LLC increased its holdings in shares of Celestica by 274.0% in the third quarter. MML Investors Services LLC now owns 27,328 shares of the technology company's stock valued at $1,397,000 after purchasing an additional 20,022 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Celestica during the third quarter worth $214,000. Barclays PLC grew its holdings in Celestica by 151.3% in the 3rd quarter. Barclays PLC now owns 51,848 shares of the technology company's stock valued at $2,651,000 after buying an additional 31,219 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Celestica by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 109,915 shares of the technology company's stock valued at $6,236,000 after buying an additional 8,660 shares in the last quarter. Institutional investors and hedge funds 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.