Celestica (NYSE:CLS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Celestica (NYSE:CLS) (TSE:CLS) had its price target upped by Stifel Nicolaus from $140.00 to $150.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

Several other research analysts have also issued reports on CLS. BMO Capital Markets raised their target price on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their target price on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. UBS Group assumed coverage on Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target on the stock. TD Cowen lifted their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.82.

Celestica Trading Down 0.4 %

Shares of CLS opened at $131.73 on Wednesday. The stock’s fifty day simple moving average is $109.70 and its 200-day simple moving average is $79.34. The firm has a market capitalization of $15.33 billion, a PE ratio of 35.22 and a beta of 2.27. Celestica has a 12-month low of $36.11 and a 12-month high of $144.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Insider Buying and Selling

In other news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the sale, the director now directly owns 1,784 shares in the company, valued at $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Todd C. Cooper sold 9,538 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,216,476.52. Following the transaction, the president now owns 175,426 shares of the company’s stock, valued at approximately $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 959,381 shares of company stock valued at $119,142,019. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Celestica

A number of institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. bought a new position in Celestica in the third quarter valued at $30,000. Peregrine Capital Management LLC bought a new position in shares of Celestica in the 4th quarter valued at about $30,000. Pinpoint Asset Management Ltd increased its position in shares of Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after acquiring an additional 182 shares during the last quarter. Bessemer Group Inc. bought a new stake in Celestica during the fourth quarter worth about $42,000. Finally, Private Trust Co. NA boosted its position in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares during the last quarter. Institutional investors own 67.38% 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.