Celestica (NYSE:CLS) Price Target Raised to $140.00

Celestica (NYSE:CLS) (TSE:CLS) had its price objective upped by Royal Bank of Canada from $115.00 to $140.00 in a research note published on Friday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the technology company’s stock.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus lifted their price target on shares of Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays lifted their price target on shares of Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a research report on Friday. BMO Capital Markets lifted their price target on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, TD Cowen lifted their price target on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.64.

Celestica Price Performance

NYSE CLS opened at $123.57 on Friday. Celestica has a 12 month low of $32.80 and a 12 month high of $133.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The firm has a market capitalization of $14.38 billion, a PE ratio of 33.04 and a beta of 2.25. The company’s 50 day simple moving average is $98.48 and its 200 day simple moving average is $72.36.

Insider Buying and Selling at Celestica

In other Celestica news, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction on Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the sale, the director now owns 1,784 shares of the company’s stock, valued at $176,134.32. This trade represents a 93.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Celestica

A number of institutional investors have recently modified their holdings of the stock. Optimum Investment Advisors boosted its stake in shares of Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares during the period. Truist Financial Corp boosted its stake in shares of Celestica by 2.0% during the 2nd quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock valued at $631,000 after buying an additional 214 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Celestica by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock valued at $67,000 after buying an additional 275 shares during the period. UMB Bank n.a. lifted its stake in shares of Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after purchasing an additional 288 shares during the last quarter. Finally, Peregrine Capital Management LLC acquired a new stake in shares of Celestica in the 4th quarter valued at $30,000. 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.