Celestica (TSE:CLS) Price Target Raised to C$137.00

Celestica (TSE:CLS - Get Free Report) NYSE: CLS had its target price lifted by stock analysts at Cormark from C$93.00 to C$137.00 in a report issued on Thursday, MarketBeat.com reports. Cormark's target price would suggest a potential downside of 22.21% from the company's current price. Cormark also issued estimates for Celestica's Q4 2024 earnings at $1.46 EPS, FY2024 earnings at $5.07 EPS, Q1 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.49 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.56 EPS and FY2025 earnings at $5.80 EPS.

Other analysts have also issued reports about the stock. UBS Group raised shares of Celestica to a "hold" rating in a research note on Friday, November 22nd. Barclays upgraded shares of Celestica to a "strong-buy" rating in a research note on Tuesday, November 5th. Two research 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$96.75.

Celestica Trading Down 1.9 %

Shares of TSE CLS traded down C$3.32 during midday trading on Thursday, hitting C$176.11. The company's stock had a trading volume of 997,752 shares, compared to its average volume of 857,953. The business's 50 day moving average is C$140.97 and its two-hundred day moving average is C$101.14. Celestica has a 12-month low of C$47.98 and a 12-month high of C$194.05. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 52.78. The firm has a market cap of C$20.89 billion, a P/E ratio of 41.73, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.

Insider Buying and Selling at Celestica

In other news, Director Michael M. Wilson sold 5,100 shares of Celestica stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$141.77, for a total value of C$723,030.57. Also, Director Alok K. Agrawal sold 1,550 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$119.54, for a total transaction of C$185,293.91. In the last quarter, insiders have sold 94,354 shares of company stock valued at $10,780,754. Company insiders own 1.00% of the company's stock.

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.