Celestica (TSE:CLS) Upgraded to Strong-Buy at Argus

Celestica (TSE:CLS - Get Free Report) NYSE: CLS was upgraded by Argus to a "strong-buy" rating in a research report issued on Tuesday, April 29th,Zacks.com reports.

CLS has been the topic of a number of other research reports. BMO Capital Markets decreased their price target on Celestica from C$140.00 to C$118.00 in a research report on Monday, April 28th. Cormark raised their target price on shares of Celestica from C$93.00 to C$137.00 in a report on Thursday, January 30th. Canaccord Genuity Group cut their price target on shares of Celestica from C$138.00 to C$126.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. 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. According to data from MarketBeat, Celestica presently has an average rating of "Buy" and a consensus price target of C$110.50.

Celestica Stock Performance

Shares of TSE CLS traded down C$0.32 during trading hours on Tuesday, reaching C$127.24. 202,331 shares of the stock were exchanged, compared to its average volume of 1,039,635. The firm has a market capitalization of C$10.76 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 0.14 and a beta of 2.23. The stock's fifty day simple moving average is C$121.56 and its 200 day simple moving average is C$132.45. The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.54 and a current ratio of 1.47. Celestica has a 52 week low of C$55.10 and a 52 week high of C$206.57.

Insider Transactions at Celestica

In other Celestica news, Director Alok K. Agrawal sold 6,826 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 company'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. Corporate 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.