Celestica Inc. (NYSE:CLS) Receives $110.83 Average Target Price from Analysts

Shares of Celestica Inc. (NYSE:CLS - Get Free Report) TSE: CLS have been assigned an average rating of "Buy" from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $110.83.

A number of brokerages recently issued reports on CLS. CIBC upgraded shares of Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price for the company in a research report on Friday, January 31st. TD Securities raised their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. UBS Group started coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a "neutral" rating and a $95.00 target price for the company. Royal Bank of Canada increased their price target on Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus raised their price target on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, February 19th.

Celestica Price Performance

Celestica stock traded down $9.41 during mid-day trading on Monday, hitting $81.54. 5,896,985 shares of the company were exchanged, compared to its average volume of 5,059,227. The company has a market capitalization of $9.49 billion, a PE ratio of 21.80 and a beta of 2.21. The business has a fifty day moving average of $111.72 and a 200 day moving average of $83.29. Celestica has a 1-year low of $40.25 and a 1-year high of $144.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Insiders Place Their Bets

In other news, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now owns 9,224 shares in the company, valued at $1,235,278.08. The trade was a 42.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Mionis sold 52,588 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the sale, the chief executive officer now directly owns 531,417 shares of the company's stock, valued at approximately $67,776,924.18. This trade represents a 9.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders 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

Large investors have recently made changes to their positions in the stock. Peregrine Capital Management LLC bought a new stake in Celestica in the fourth quarter valued at about $30,000. Pinpoint Asset Management Ltd grew its position in shares of Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after buying an additional 182 shares during the period. Bessemer Group Inc. bought a new stake in shares of Celestica in the 4th quarter valued at about $42,000. R Squared Ltd acquired a new stake in shares of Celestica in the 4th quarter valued at approximately $51,000. Finally, IFP Advisors Inc boosted its stake in Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after acquiring an additional 368 shares during the last quarter. 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.