Celestica (NYSE:CLS) Stock Price Up 3.6% - Time to Buy?

Shares of Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS traded up 3.6% during trading on Thursday . The stock traded as high as $112.33 and last traded at $111.35. 365,071 shares traded hands during trading, a decline of 82% from the average session volume of 2,057,065 shares. The stock had previously closed at $107.50.

Analyst Ratings Changes

Several research analysts recently weighed in on CLS shares. Barclays initiated coverage on Celestica in a research report on Tuesday, November 5th. They issued an "overweight" rating and a $91.00 price objective for the company. TD Securities increased their price target on Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. UBS Group assumed coverage on Celestica in a research report on Friday, November 22nd. They set a "neutral" rating and a $95.00 price objective for the company. BMO Capital Markets upped their target price on shares of Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada lifted their price target on shares of Celestica from $75.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.45.

Celestica Stock Up 2.2 %

The business's fifty day moving average is $93.15 and its two-hundred day moving average is $68.68. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 35.94 and a beta of 2.25. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.93 by $0.11. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The company's quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Equities analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Celestica

In other Celestica news, Director Michael Wilson sold 25,000 shares of the firm's stock in a transaction on Monday, January 6th. The stock was 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 $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CLS. Optimum Investment Advisors grew its position in shares of Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock valued at $26,000 after buying an additional 200 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in Celestica in the third quarter valued at $30,000. UMB Bank n.a. purchased a new position in shares of Celestica during the third quarter worth about $34,000. Private Trust Co. NA increased its position in shares of Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock worth $44,000 after purchasing an additional 720 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Celestica in the 3rd quarter valued at about $51,000. 67.38% of the stock is owned by institutional investors and hedge funds.

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.