Brokerages Set Celestica Inc. (TSE:CLS) PT at C$110.50

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have earned a consensus rating of “Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings 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 twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$110.50.

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

Celestica Trading Up 5.2 %

Shares of CLS stock opened at C$129.94 on Thursday. 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 of C$122.21 and a 200-day moving average of C$131.83. The firm has a market cap of C$10.99 billion, a P/E ratio of 29.61, a PEG ratio of 0.14 and a beta of 2.23.

Insider Buying and Selling at Celestica

In related news, Senior Officer Todd Christopher Cooper sold 1,772 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of C$189.53, for a total transaction of C$335,851.06. Also, Director Alok K. Agrawal sold 6,826 shares of the business’s stock in a transaction dated 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. Over the last ninety days, insiders have sold 116,368 shares of company stock valued at $20,487,799. 1.00% of the stock is currently owned by insiders.

Celestica Company Profile

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.