Brokerages Set Celestica Inc. (NYSE:CLS) PT at $110.83

Shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) have been assigned a consensus rating of “Buy” from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $110.83.

Several equities research analysts recently issued reports on CLS shares. Stifel Nicolaus boosted their price target on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. TD Securities upped their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Canaccord Genuity Group raised their price target on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Barclays boosted their target price on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th.

Insider Activity

In other Celestica news, CEO Robert Mionis sold 441,325 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $53,965,221.00. Following the transaction, the chief executive officer now directly owns 531,417 shares of the company’s stock, valued at approximately $64,981,670.76. The trade was a 45.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction on Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the sale, the president now owns 110,426 shares of the company’s stock, valued at $14,331,086.28. This represents a 37.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 959,381 shares of company stock valued at $119,142,019. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC acquired a new stake in Celestica in the 4th quarter valued at $385,000. Raymond James Financial Inc. bought a new stake in Celestica during the fourth quarter worth $47,685,000. Schechter Investment Advisors LLC purchased a new position in Celestica during the 4th quarter worth $294,000. XTX Topco Ltd bought a new position in shares of Celestica during the third quarter valued at about $1,580,000. Finally, Fruth Investment Management purchased a new stake in Celestica in the 4th quarter valued at about $286,000. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Down 2.2 %

CLS stock opened at $82.56 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The company has a market capitalization of $9.57 billion, a PE ratio of 22.07 and a beta of 2.21. Celestica has a 52 week low of $40.25 and a 52 week high of $144.27. The company’s 50-day simple moving average is $108.09 and its 200 day simple moving average is $88.07.

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.