Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS dropped 6.4% during mid-day trading on Wednesday . The company traded as low as C$130.05 and last traded at C$130.18. Approximately 147,364 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 1,085,697 shares. The stock had previously closed at C$139.07.
Wall Street Analysts Forecast Growth
CLS has been the topic of several analyst reports. Cormark raised their target price on Celestica from C$93.00 to C$137.00 in a research report on Thursday, January 30th. BMO Capital Markets lifted their price objective on shares of Celestica from C$72.00 to C$140.00 in a research note on Thursday, January 30th. Finally, Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Celestica currently has an average rating of "Buy" and an average target price of C$96.75.
Check Out Our Latest Report on Celestica
Celestica Price Performance
The firm has a market cap of C$10.01 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The stock's 50-day moving average is C$154.98 and its 200-day moving average is C$123.45. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72.
Insider Activity
In other Celestica news, Senior Officer Todd Christopher Cooper sold 1,772 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of C$189.53, for a total value of C$335,851.06. Also, Director Michael M. Wilson sold 5,100 shares of Celestica stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$141.77, for a total transaction of C$723,030.57. In the last ninety days, insiders sold 132,714 shares of company stock valued at $23,276,319. Company insiders own 1.00% of the company's stock.
About Celestica
(
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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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