Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS rose 5.5% on Friday . The stock traded as high as $91.25 and last traded at $91.17. Approximately 1,088,428 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 5,007,937 shares. The stock had previously closed at $86.41.
Analyst Upgrades and Downgrades
CLS has been the topic of several analyst reports. Stifel Nicolaus increased their target price on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Canaccord Genuity Group increased their price target on Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. CIBC raised Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price target for the company in a research note on Friday, January 31st. UBS Group initiated coverage on Celestica in a research note on Friday, November 22nd. They issued a "neutral" rating and a $95.00 price target for the company. Finally, Royal Bank of Canada increased their price target on Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Two equities research 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 stock. According to data from MarketBeat.com, Celestica presently has an average rating of "Moderate Buy" and an average price target of $110.83.
Check Out Our Latest Research Report on CLS
Celestica Price Performance
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 firm has a market cap of $10.32 billion, a price-to-earnings ratio of 23.69 and a beta of 2.21. The stock has a 50-day moving average of $110.59 and a two-hundred day moving average of $85.19.
Insider Activity at Celestica
In related news, President Todd C. Cooper sold 65,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the completion of the transaction, the president now owns 110,426 shares in the company, valued at $14,331,086.28. This trade represents a 37.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert Mionis sold 441,325 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $53,965,221.00. Following the completion of the sale, the chief executive officer now directly owns 531,417 shares of the company's stock, valued at approximately $64,981,670.76. This represents a 45.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 959,381 shares of company stock worth $119,142,019 in the last quarter. 1.00% of the stock is owned by company insiders.
Institutional Investors Weigh In On Celestica
Hedge funds have recently bought and sold shares of the business. Peregrine Capital Management LLC purchased a new stake in Celestica in the 4th quarter worth about $30,000. Pinpoint Asset Management Ltd lifted its stake in Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after acquiring an additional 182 shares in the last quarter. Bessemer Group Inc. purchased a new stake in Celestica in the 4th quarter worth about $42,000. R Squared Ltd purchased a new stake in shares of Celestica during the 4th quarter worth about $51,000. Finally, IFP Advisors Inc raised its stake in shares of Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after purchasing an additional 368 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.
Celestica Company Profile
(
Get Free Report)
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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