Celestica (NYSE:CLS) Trading Up 2.8% - Should You Buy?

Shares of Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS rose 2.8% on Friday . The stock traded as high as $130.21 and last traded at $128.46. Approximately 1,219,777 shares were traded during trading, a decline of 74% from the average daily volume of 4,706,590 shares. The stock had previously closed at $125.02.

Wall Street Analyst Weigh In

CLS has been the topic of several recent analyst reports. Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Barclays upped their target price on Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. CIBC upgraded Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price objective on the stock in a research note on Friday, January 31st. TD Securities upped their price objective on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Finally, Canaccord Genuity Group increased their target price on Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.83.

Celestica Stock Performance

The stock has a fifty day simple moving average of $110.78 and a two-hundred day simple moving average of $80.16. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 31.93 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Insider Buying and Selling at Celestica

In related news, CEO Robert Mionis sold 441,325 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $53,965,221.00. Following the sale, the chief executive officer now owns 531,417 shares of the company's stock, valued at $64,981,670.76. This trade represents a 45.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Wilson sold 25,000 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the sale, the director now directly owns 1,784 shares in the company, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 959,381 shares of company stock valued at $119,142,019. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Celestica

Hedge funds have recently modified their holdings of the company. Creative Planning raised 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 purchasing an additional 2,714 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Celestica by 63.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 158,242 shares of the technology company's stock worth $8,089,000 after purchasing an additional 61,135 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Celestica by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company's stock worth $67,000 after purchasing an additional 275 shares during the last quarter. Private Advisor Group LLC bought a new position in Celestica during the 3rd quarter worth $934,000. Finally, Global Trust Asset Management LLC bought a new position in Celestica during the 3rd quarter worth $51,000. Institutional investors and hedge funds 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.