Celestica (TSE:CLS - Get Free Report) NYSE: CLS was upgraded by equities research analysts at Argus to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.
Other analysts have also issued research reports about the company. Cormark boosted their price target on Celestica from C$93.00 to C$137.00 in a report on Thursday, January 30th. BMO Capital Markets decreased their target price on Celestica from C$140.00 to C$118.00 in a research report on Monday, April 28th. Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Finally, 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. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$110.50.
Read Our Latest Analysis on Celestica
Celestica Trading Up 5.2 %
Shares of TSE CLS traded up C$6.43 during midday trading on Tuesday, hitting C$129.94. The company's stock had a trading volume of 685,869 shares, compared to its average volume of 1,055,080. Celestica has a 12-month low of C$55.10 and a 12-month 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 firm has a market cap of C$10.99 billion, a P/E ratio of 29.61, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The business's 50 day moving average is C$122.21 and its two-hundred day moving average is C$131.83.
Insider Activity
In other Celestica news, Director Alok K. Agrawal sold 6,826 shares of the company's 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 Mandeep Chawla sold 87,341 shares of Celestica stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of C$174.86, for a total value of C$15,272,532.16. Over the last three months, insiders have sold 116,368 shares of company stock valued at $20,487,799. Company insiders own 1.00% of the company's stock.
About Celestica
(
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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.
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