CIBC lowered shares of Celestica (TSE:CLS - Free Report) NYSE: CLS from an outperform rating to a neutral rating in a research note released on Friday morning, BayStreet.CA reports. They currently have C$49.00 target price on the stock, up from their previous target price of C$41.00.
Celestica Trading Up 0.4 %
Shares of TSE CLS traded up C$0.24 during midday trading on Friday, reaching C$59.36. The stock had a trading volume of 596,965 shares, compared to its average volume of 561,474. The firm has a market cap of C$7.08 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 0.14 and a beta of 2.35. Celestica has a twelve month low of C$14.31 and a twelve month high of C$68.91. The company has a debt-to-equity ratio of 44.26, a quick ratio of 0.54 and a current ratio of 1.40. The company's 50 day moving average price is C$60.43 and its 200 day moving average price is C$46.42.
Celestica (TSE:CLS - Get Free Report) NYSE: CLS last released its earnings results on Monday, January 29th. The company reported C$1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.92 by C$0.12. The company had revenue of C$2.91 billion for the quarter, compared to the consensus estimate of C$2.82 billion. Celestica had a net margin of 3.07% and a return on equity of 14.19%. As a group, sell-side analysts expect that Celestica will post 3.9819121 EPS for the current year.
Insider Activity
In other news, Director Alok K. Agrawal bought 19,657 shares of the stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of C$35.88 per share, for a total transaction of C$705,293.16. In other Celestica news, Senior Officer Mandeep Chawla sold 134,246 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of C$48.26, for a total transaction of C$6,478,711.96. Also, Director Alok K. Agrawal bought 19,657 shares of the business's stock in a transaction on Friday, February 2nd. The shares were acquired at an average price of C$35.88 per share, with a total value of C$705,293.16. Insiders sold a total of 428,759 shares of company stock worth $20,884,473 over the last quarter. Insiders own 0.99% 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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