Celestica (TSE:CLS) Reaches New 52-Week High Following Analyst Upgrade

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price reached a new 52-week high during trading on Friday after BMO Capital Markets raised their price target on the stock from C$72.00 to C$140.00. The company traded as high as C$194.05 and last traded at C$179.43, with a volume of 1888078 shares changing hands. The stock had previously closed at C$165.78.

A number of other equities research analysts have also recently commented on CLS. Barclays upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, November 5th. UBS Group upgraded shares of Celestica to a “hold” rating in a research note on Friday, November 22nd. Finally, Cormark raised their price target on Celestica from C$93.00 to C$137.00 in a report on Thursday.

Insider Buying and Selling

In other news, Director Michael M. Wilson sold 5,100 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$141.77, for a total transaction of C$723,030.57. Also, Director Robert Andrew Mionis sold 60,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$110.13, for a total value of C$6,607,522.80. Insiders sold 94,354 shares of company stock valued at $10,780,754 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Celestica Trading Up 8.2 %

The company’s fifty day moving average price is C$139.94 and its 200-day moving average price is C$100.31. The stock has a market cap of C$21.28 billion, a price-to-earnings ratio of 42.52, a P/E/G ratio of 0.14 and a beta of 2.23. The company has a debt-to-equity ratio of 52.78, a current ratio of 1.47 and a quick ratio of 0.54.

Celestica Company Profile

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.