Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS's share price traded up 3% during mid-day trading on Monday . The stock traded as high as $85.95 and last traded at $81.50. 1,343,148 shares were traded during trading, a decline of 56% from the average session volume of 3,049,708 shares. The stock had previously closed at $79.13.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on CLS. 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 research note on Friday, January 31st. Stifel Nicolaus lifted their price objective on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. lowered their target price on Celestica from $166.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday. TD Securities upped their price target on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Finally, Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $103.25.
Check Out Our Latest Report on CLS
Celestica Stock Up 4.4 %
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's 50 day simple moving average is $94.54 and its two-hundred day simple moving average is $90.66. The firm has a market cap of $9.75 billion, a P/E ratio of 22.49 and a beta of 2.09.
Insider Transactions at Celestica
In other news, insider Alok K. Agrawal sold 6,826 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the transaction, the insider now owns 9,224 shares in the company, valued at $1,235,278.08. This represents a 42.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction on Friday, February 7th. The shares were sold at an average price of $129.78, for a total value of $8,435,700.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 934,381 shares of company stock worth $116,673,769 over the last three months. 1.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Celestica
Several large investors have recently made changes to their positions in the business. FMR LLC raised its stake in Celestica by 91.2% during the 4th quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after purchasing an additional 5,574,342 shares during the period. FIL Ltd grew its holdings in Celestica by 5,976.1% during the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after buying an additional 3,406,723 shares in the last quarter. Norges Bank bought a new stake in shares of Celestica during the fourth quarter valued at approximately $139,008,000. Polar Capital Holdings Plc lifted its holdings in shares of Celestica by 822.6% in the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after buying an additional 1,433,681 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Celestica by 64.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after acquiring an additional 1,401,877 shares during the last quarter. 67.38% of the stock is currently 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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