Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS reached a new 52-week high during trading on Friday after Cibc World Mkts upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as C$194.05 and last traded at C$179.43, with a volume of 1888078 shares changing hands. The stock had previously closed at C$165.78.
A number of other equities analysts have also recently weighed in on the stock. Barclays raised shares of Celestica to a "strong-buy" rating in a research report on Tuesday, November 5th. BMO Capital Markets increased their price target on Celestica from C$72.00 to C$140.00 in a report on Thursday, January 30th. Cormark lifted their price objective on Celestica from C$93.00 to C$137.00 in a report on Thursday, January 30th. Finally, UBS Group upgraded Celestica to a "hold" rating in a research note on Friday, November 22nd. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of C$96.75.
Check Out Our Latest Stock Analysis on Celestica
Insider Buying and Selling
In other news, Director Alok K. Agrawal sold 1,763 shares of Celestica stock in a transaction dated Friday, January 31st. The shares were sold at an average price of C$183.66, for a total value of C$323,800.28. Also, Senior Officer Mandeep Chawla sold 9,483 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of C$183.66, for a total transaction of C$1,741,689.20. Over the last three months, insiders sold 105,600 shares of company stock worth $12,846,243. Corporate insiders own 1.00% of the company's stock.
Celestica Stock Performance
The company has a fifty day moving average price of C$142.00 and a two-hundred day moving average price of C$101.79. The firm has a market cap of C$22.42 billion, a price-to-earnings ratio of 44.79, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The company has a debt-to-equity ratio of 52.78, a current ratio of 1.47 and a quick ratio of 0.54.
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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