Cibc World Mkts upgraded shares of Celestica (TSE:CLS - Free Report) NYSE: CLS from a hold rating to a strong-buy rating in a report published on Friday,Zacks.com reports.
A number of other brokerages have also issued reports on CLS. BMO Capital Markets lifted their target price on shares of Celestica from C$72.00 to C$140.00 in a research note on Thursday, January 30th. UBS Group raised shares of Celestica to a "hold" rating in a research note on Friday, November 22nd. Barclays raised shares of Celestica to a "strong-buy" rating in a research note on Tuesday, November 5th. Finally, Cormark raised their price target on shares of Celestica from C$93.00 to C$137.00 in a report on Thursday, January 30th. Two equities 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 stock. Based on data from MarketBeat.com, Celestica currently has an average rating of "Buy" and a consensus target price of C$96.75.
Get Our Latest Analysis on CLS
Celestica Price Performance
Shares of TSE CLS traded up C$12.77 during mid-day trading on Friday, reaching C$188.88. 826,518 shares of the company traded hands, compared to its average volume of 860,853. Celestica has a fifty-two week low of C$47.98 and a fifty-two week high of C$194.05. The company has a debt-to-equity ratio of 52.78, a current ratio of 1.47 and a quick ratio of 0.54. The firm has a market cap of C$22.40 billion, a PE ratio of 44.76, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The stock has a fifty day simple moving average of C$142.00 and a 200-day simple moving average of C$101.79.
Insider Activity at Celestica
In other news, Director Alok K. Agrawal sold 1,763 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of C$183.66, for a total transaction of C$323,800.28. Also, Senior Officer Jason Phillips sold 18,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of C$116.94, for a total transaction of C$2,104,847.21. Insiders have sold a total of 96,117 shares of company stock valued at $11,104,554 over the last quarter. 1.00% of the stock is owned by company 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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