Celestica Inc. (TSE:CLS) Receives C$110.50 Average PT from Analysts

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

A number of research analysts have recently commented on the stock. BMO Capital Markets reduced their target price on shares of Celestica from C$140.00 to C$118.00 in a research report on Monday, April 28th. Argus upgraded Celestica to a "strong-buy" rating in a research note on Tuesday, April 29th. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Cormark boosted their price target on shares of Celestica from C$93.00 to C$137.00 in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group reduced their price objective on shares of 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.

Insiders Place Their Bets

In other news, Director Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction dated Wednesday, February 5th. The stock was 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 business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of C$189.53, for a total value of C$335,851.06. 1.00% of the stock is owned by corporate insiders.

Celestica Price Performance

TSE:CLS traded down C$1.04 during mid-day trading on Thursday, hitting C$126.52. 268,811 shares of the company's stock traded hands, compared to its average volume of 1,040,625. The company has a market cap of C$10.70 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The firm's 50 day simple moving average is C$121.56 and its 200 day simple moving average is C$132.45. Celestica has a 1 year low of C$55.10 and a 1 year high of C$206.57. The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.54 and a current ratio of 1.47.

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.