Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS's stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$126.47 and traded as low as C$105.50. Celestica shares last traded at C$107.17, with a volume of 945,525 shares.
Wall Street Analyst Weigh In
Several research firms have recently commented on CLS. BMO Capital Markets boosted their price target on Celestica from C$72.00 to C$140.00 in a research report on Thursday, January 30th. 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. Finally, Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$96.75.
Read Our Latest Research Report on Celestica
Celestica Trading Down 4.1 %
The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72. The company has a market cap of C$9.37 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The company's 50-day moving average is C$137.64 and its 200 day moving average is C$127.43.
Insiders Place Their Bets
In other Celestica news, Senior Officer Todd Christopher Cooper sold 1,772 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of C$189.53, for a total transaction of C$335,851.06. 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 90 days, insiders have sold 127,614 shares of company stock worth $22,553,289. 1.00% of the stock is owned by corporate insiders.
About Celestica
(
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.
Further Reading
Before you consider Celestica, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Celestica wasn't on the list.
While Celestica currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
