Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS's stock price traded down 1.8% on Thursday . The stock traded as low as C$183.59 and last traded at C$183.94. 45,951 shares were traded during mid-day trading, a decline of 95% from the average session volume of 846,739 shares. The stock had previously closed at C$187.31.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. BMO Capital Markets boosted their price objective on Celestica from C$72.00 to C$140.00 in a research report on Thursday, January 30th. Barclays raised Celestica to a "strong-buy" rating in a research note on Tuesday, November 5th. UBS Group raised Celestica to a "hold" rating in a research note on Friday, November 22nd. Finally, Cormark lifted their price objective on shares of Celestica from C$93.00 to C$137.00 in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$96.75.
View Our Latest Stock Report on Celestica
Celestica Price Performance
The business has a 50-day simple moving average of C$158.38 and a two-hundred day simple moving average of C$111.45. The stock has a market capitalization of C$14.36 billion, a price-to-earnings ratio of 38.67, a P/E/G ratio of 0.14 and a beta of 2.23. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72.
Insiders Place Their Bets
In related news, Director Alok K. Agrawal sold 1,550 shares of Celestica stock in a transaction on Monday, December 2nd. The stock was sold at an average price of C$119.54, for a total value of C$185,293.91. Also, Senior Officer Mandeep Chawla sold 9,704 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$119.54, for a total value of C$1,160,059.44. Over the last three months, insiders have sold 143,968 shares of company stock worth $24,621,673. 1.00% of the stock is owned by corporate insiders.
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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