Barclays Boosts Celestica (NYSE:CLS) Price Target to $139.00

Celestica (NYSE:CLS) (TSE:CLS) had its target price upped by Barclays from $91.00 to $139.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Barclays‘s price target indicates a potential upside of 12.49% from the company’s previous close.

Several other brokerages have also recently issued reports on CLS. Royal Bank of Canada boosted their price objective on Celestica from $75.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. TD Securities raised their price target on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets increased their price target on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen raised their price target on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Canaccord Genuity Group lifted their target price on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.64.

Celestica Price Performance

Celestica stock opened at $123.57 on Thursday. Celestica has a 1 year low of $32.80 and a 1 year high of $133.66. The stock has a market cap of $14.38 billion, a price-to-earnings ratio of 33.04 and a beta of 2.25. The firm has a 50-day moving average of $98.48 and a two-hundred day moving average of $72.18. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Insider Activity at Celestica

In related news, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CLS. Optimum Investment Advisors boosted its stake in shares of Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Celestica in the 3rd quarter valued at about $30,000. Peregrine Capital Management LLC acquired a new stake in Celestica in the fourth quarter worth $30,000. UMB Bank n.a. acquired a new position in shares of Celestica in the 3rd quarter valued at $34,000. Finally, Private Trust Co. NA raised its stake in Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after buying an additional 720 shares during the period. Institutional investors and hedge funds own 67.38% 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.