Celestica Inc. (TSE:CLS) Given Average Rating of "Buy" by Brokerages

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS has earned an average recommendation of "Buy" from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, two have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$110.50.

CLS has been the subject of several analyst reports. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Canaccord Genuity Group cut their price target on Celestica from C$138.00 to C$126.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. BMO Capital Markets decreased their price objective on Celestica from C$140.00 to C$118.00 in a research note on Monday, April 28th. Argus raised Celestica to a "strong-buy" rating in a research note on Tuesday, April 29th. Finally, Cormark upped their price target on Celestica from C$93.00 to C$137.00 in a research note on Thursday, January 30th.

Celestica Price Performance

Shares of CLS traded down C$2.38 during mid-day trading on Thursday, hitting C$127.56. 601,640 shares of the company traded hands, compared to its average volume of 1,049,809. The stock has a market capitalization of C$10.79 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 0.14 and a beta of 2.23. Celestica has a one year low of C$55.10 and a one year high of C$206.57. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72. The business has a 50-day moving average of C$122.21 and a 200 day moving average of C$132.16.

Insider Activity at Celestica

In other news, Director Alok K. Agrawal sold 6,826 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of C$191.50, for a total transaction of C$1,307,181.11. Also, Senior Officer Todd Christopher Cooper sold 1,772 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of C$189.53, for a total value of C$335,851.06. 1.00% of the stock is currently owned by insiders.

Celestica Company Profile

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.