Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS's stock price traded up 3.8% during trading on Friday . The company traded as high as $86.54 and last traded at $84.75. 2,083,419 shares changed hands during trading, a decline of 58% from the average session volume of 4,982,402 shares. The stock had previously closed at $81.62.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. UBS Group assumed coverage on shares of Celestica in a research report on Friday, November 22nd. They set a "neutral" rating and a $95.00 target price for the company. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. 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 research report on Wednesday, February 19th. Royal Bank of Canada increased their target price on shares of Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Finally, CIBC raised shares of Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price target for the company in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $110.83.
Get Our Latest Stock Report on CLS
Celestica Trading Down 7.2 %
The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The company's fifty day moving average is $111.23 and its 200-day moving average is $83.93. The stock has a market cap of $9.45 billion, a PE ratio of 21.71 and a beta of 2.21.
Insider Buying and Selling
In related news, 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 transaction of $2,468,250.00. Following the completion of the transaction, the director now owns 1,784 shares of the company's stock, valued at $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. 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 firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the transaction, the insider now directly owns 9,224 shares of the company's stock, valued at approximately $1,235,278.08. This trade represents a 42.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock valued at $119,142,019 over the last 90 days. Insiders own 1.00% of the company's stock.
Institutional Trading of Celestica
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC acquired a new stake in Celestica during the fourth quarter valued at $385,000. Quantbot Technologies LP grew its position in Celestica by 120.9% during the third quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company's stock valued at $5,299,000 after buying an additional 56,732 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Celestica during the third quarter valued at $61,210,000. Sigma Planning Corp acquired a new stake in Celestica during the third quarter valued at $420,000. Finally, Advisors Asset Management Inc. grew its position in Celestica by 61.9% during the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company's stock valued at $1,682,000 after buying an additional 12,584 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.
Celestica Company Profile
(
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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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