BMO Capital Markets Has Lowered Expectations for Celestica (TSE:CLS) Stock Price

Celestica (TSE:CLS - Get Free Report) NYSE: CLS had its target price decreased by investment analysts at BMO Capital Markets from C$140.00 to C$118.00 in a note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets' target price points to a potential downside of 9.19% from the company's previous close.

Several other research firms also recently commented on CLS. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Cormark upped their price objective on shares of Celestica from C$93.00 to C$137.00 in a report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$110.50.

Celestica Stock Up 5.2 %

Shares of Celestica stock traded up C$6.43 on Monday, hitting C$129.94. 685,869 shares of the company traded hands, compared to its average volume of 1,055,080. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72. Celestica has a 12-month low of C$55.10 and a 12-month high of C$206.57. The company has a 50-day moving average price of C$122.21 and a 200 day moving average price of C$131.48. The company has a market cap of C$10.99 billion, a PE ratio of 29.61, a PEG ratio of 0.14 and a beta of 2.23.

Insider Buying and Selling at Celestica

In other Celestica news, Director Alok K. Agrawal sold 6,826 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of C$191.50, for a total value of C$1,307,181.11. Also, Senior Officer Todd Christopher Cooper sold 1,772 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of C$189.53, for a total transaction of C$335,851.06. Insiders sold 116,368 shares of company stock worth $20,487,799 over the last ninety days. Company insiders own 1.00% 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.