Celestica (NYSE:CLS - Get Free Report) TSE: CLS had its target price hoisted by stock analysts at Stifel Nicolaus from $140.00 to $150.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Stifel Nicolaus' target price suggests a potential upside of 25.62% from the company's current price.
Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group lifted their price objective on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 20th. Barclays lifted their price objective on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Royal Bank of Canada lifted their price objective on shares of Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Finally, TD Cowen lifted their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Celestica has an average rating of "Moderate Buy" and a consensus target price of $110.83.
Get Our Latest Analysis on CLS
Celestica Trading Down 4.5 %
Shares of Celestica stock traded down $5.61 on Wednesday, reaching $119.41. The company had a trading volume of 4,461,770 shares, compared to its average volume of 4,805,599. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The firm has a market cap of $13.89 billion, a PE ratio of 31.93 and a beta of 2.27. The firm's 50 day moving average price is $110.78 and its two-hundred day moving average price is $80.16. Celestica has a 52-week low of $38.80 and a 52-week high of $144.27.
Insider Activity
In other news, Director Michael Wilson sold 25,000 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the transaction, the director now owns 1,784 shares in the company, valued at approximately $176,134.32. This represents a 93.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alok K. Agrawal sold 6,826 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the transaction, the insider now owns 9,224 shares of the company's stock, valued at approximately $1,235,278.08. The trade was a 42.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 959,381 shares of company stock worth $119,142,019. Corporate insiders own 1.00% of the company's stock.
Institutional Trading of Celestica
Institutional investors and hedge funds have recently bought and sold shares of the business. Peregrine Capital Management LLC purchased a new stake in Celestica in the 4th quarter valued at $30,000. Pinpoint Asset Management Ltd raised its position in Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after purchasing an additional 182 shares during the last quarter. Bessemer Group Inc. purchased a new stake in Celestica in the 4th quarter valued at $42,000. R Squared Ltd purchased a new stake in Celestica in the 4th quarter valued at $51,000. Finally, Financial Management Professionals Inc. purchased a new stake in Celestica in the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 67.38% 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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