Celestica Inc. (NYSE:CLS) Receives Average Rating of “Buy” from Analysts

Celestica Inc. (NYSE:CLS) (TSE:CLS) has been given an average recommendation of “Buy” by the twelve brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $103.27.

Several analysts recently weighed in on the company. BMO Capital Markets lifted their price objective on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada upped their price target on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Barclays lifted their price objective on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. TD Cowen upped their target price on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, UBS Group initiated coverage on Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target on the stock.

Celestica Trading Up 8.8 %

Shares of NYSE CLS opened at $143.53 on Thursday. Celestica has a twelve month low of $35.56 and a twelve month high of $144.27. The firm has a market cap of $16.70 billion, a PE ratio of 38.38 and a beta of 2.27. The business has a fifty day simple moving average of $101.31 and a two-hundred day simple moving average of $73.83. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Insider Buying and Selling at Celestica

In other Celestica news, insider Yann L. Etienvre sold 9,181 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74. Following the completion of the transaction, the insider now owns 83,179 shares of the company’s stock, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the sale, the insider now owns 9,224 shares of the company’s stock, valued at $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 819,381 shares of company stock worth $100,109,569. 1.00% of the stock is owned by insiders.

Institutional Trading of Celestica

Several large investors have recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC acquired a new stake in shares of Celestica during the fourth quarter worth about $385,000. Quantbot Technologies LP lifted its stake in Celestica by 120.9% during the 3rd quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock valued at $5,299,000 after acquiring an additional 56,732 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Celestica in the 3rd quarter valued at $61,210,000. Sigma Planning Corp acquired a new stake in shares of Celestica in the third quarter worth $420,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Celestica by 61.9% during the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock worth $1,682,000 after purchasing an additional 12,584 shares during the last quarter. Hedge funds and other institutional investors 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.