Celestica (TSE:CLS) Stock Price Expected to Rise, Cormark Analyst Says

Celestica (TSE:CLS) (NYSE:CLS) had its price target raised by equities research analysts at Cormark from C$93.00 to C$137.00 in a report released on Thursday,BayStreet.CA reports. Cormark’s target price would indicate a potential downside of 23.65% from the stock’s current price. Cormark also issued estimates for Celestica’s Q4 2024 earnings at $1.46 EPS, FY2024 earnings at $5.07 EPS, Q1 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.49 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.56 EPS and FY2025 earnings at $5.80 EPS.

A number of other equities research analysts also recently commented on the stock. UBS Group upgraded shares of Celestica to a “hold” rating in a report on Friday, November 22nd. Barclays raised shares of Celestica to a “strong-buy” rating in a research note on Tuesday, November 5th.

Celestica Stock Up 8.2 %

CLS opened at C$179.43 on Thursday. The business’s fifty day simple moving average is C$139.94 and its 200 day simple moving average is C$100.31. Celestica has a 52 week low of C$43.97 and a 52 week high of C$194.05. The firm has a market cap of C$21.28 billion, a P/E ratio of 42.52, a PEG ratio of 0.14 and a beta of 2.23. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 52.78.

Insider Activity

In related news, Director Michael M. Wilson sold 5,100 shares of Celestica stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$141.77, for a total value of C$723,030.57. Also, Senior Officer Jason Phillips sold 18,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$116.94, for a total value of C$2,104,847.21. Insiders sold a total of 94,354 shares of company stock valued at $10,780,754 in the last 90 days. 1.00% of the stock is currently owned by insiders.

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.