Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS was down 7.9% during trading on Monday . The stock traded as low as $98.70 and last traded at $98.59. Approximately 2,517,957 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 4,853,018 shares. The stock had previously closed at $107.05.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on CLS. TD Securities boosted their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. UBS Group started coverage on shares of Celestica in a research report on Friday, November 22nd. They set a "neutral" rating and a $95.00 price objective for the company. Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Canaccord Genuity Group lifted their price objective on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Finally, Stifel Nicolaus increased their target price on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $110.83.
View Our Latest Research Report on Celestica
Celestica Price Performance
The stock has a fifty day moving average of $111.85 and a two-hundred day moving average of $83.24. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 24.30 and a beta of 2.21. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.
Insider Buying and Selling
In other news, CEO Robert Mionis sold 52,588 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the completion of the sale, the chief executive officer now directly owns 531,417 shares in the company, valued at approximately $67,776,924.18. This represents a 9.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Todd C. Cooper sold 9,538 shares of Celestica stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,216,476.52. Following the completion of the transaction, the president now owns 175,426 shares in the company, valued at approximately $22,373,832.04. The trade was a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock valued at $119,142,019 in the last 90 days. 1.00% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of CLS. FMR LLC increased its stake in Celestica by 91.2% in the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after purchasing an additional 5,574,342 shares in the last quarter. Whale Rock Capital Management LLC grew its stake in Celestica by 13.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company's stock valued at $432,846,000 after purchasing an additional 975,163 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after purchasing an additional 1,401,877 shares during the period. FIL Ltd increased its holdings in Celestica by 5,976.1% in the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock worth $319,662,000 after acquiring an additional 3,406,723 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Celestica by 20.2% in the fourth quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock valued at $271,622,000 after purchasing an additional 494,542 shares during the period. 67.38% of the stock is owned by institutional investors.
About Celestica
(
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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.
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