Celestica (NYSE:CLS) Stock Price Up 1.8% - Still a Buy?

Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS shares shot up 1.8% during trading on Monday . The stock traded as high as $132.89 and last traded at $132.16. 2,707,072 shares traded hands during trading, a decline of 54% from the average session volume of 5,877,522 shares. The stock had previously closed at $129.78.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CLS shares. Barclays boosted their target price on Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. TD Cowen boosted their target price on Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, October 24th. CIBC raised Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price on the stock in a report on Friday, January 31st. Finally, Royal Bank of Canada boosted their target price on Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.82.

Celestica Stock Performance

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 stock has a market capitalization of $14.52 billion, a PE ratio of 33.37 and a beta of 2.27. The stock has a 50 day moving average of $110.38 and a two-hundred day moving average of $79.66.

Insider Activity at Celestica

In other Celestica news, insider Yann L. Etienvre sold 9,181 shares of the business'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 $1,170,944.74. Following the sale, the insider now directly owns 83,179 shares in the company, valued at approximately $10,608,649.66. The trade was a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Mionis sold 441,325 shares of the business's stock in a transaction on 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 sale, the chief executive officer now owns 531,417 shares in the company, valued at approximately $64,981,670.76. The trade was a 45.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock worth $119,142,019 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Celestica

Institutional investors have recently bought and sold shares of the company. Creative Planning raised its holdings in shares of Celestica by 36.1% in the third quarter. Creative Planning now owns 10,240 shares of the technology company's stock worth $523,000 after acquiring an additional 2,714 shares during the last quarter. Stratos Wealth Advisors LLC raised its holdings in shares of Celestica by 20.0% in the third quarter. Stratos Wealth Advisors LLC now owns 4,200 shares of the technology company's stock worth $215,000 after acquiring an additional 700 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Celestica by 63.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 158,242 shares of the technology company's stock worth $8,089,000 after acquiring an additional 61,135 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Celestica by 8.4% in the third quarter. Whittier Trust Co. now owns 7,867 shares of the technology company's stock worth $402,000 after acquiring an additional 608 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Celestica by 26.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company's stock worth $67,000 after acquiring an additional 275 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

About Celestica

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.