Celestica (TSE:CLS) Trading Up 8.1% – Time to Buy?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s stock price rose 8.1% during mid-day trading on Wednesday . The company traded as high as C$164.05 and last traded at C$164.05. Approximately 188,948 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 889,650 shares. The stock had previously closed at C$151.82.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CLS shares. Cormark raised their price objective on shares of Celestica from C$93.00 to C$137.00 in a research note on Thursday, January 30th. UBS Group upgraded shares of Celestica to a “hold” rating in a research report on Friday, November 22nd. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Barclays upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, BMO Capital Markets increased their price target on Celestica from C$72.00 to C$140.00 in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$96.75.

Celestica Stock Up 7.2 %

The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54. The business’s 50 day moving average price is C$159.53 and its 200 day moving average price is C$113.63. The firm has a market cap of C$13.77 billion, a PE ratio of 37.07, a PEG ratio of 0.14 and a beta of 2.23.

Insiders Place Their Bets

In related news, Director Alok K. Agrawal sold 1,550 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$119.54, for a total transaction of C$185,293.91. Also, Senior Officer Mandeep Chawla sold 87,341 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of C$174.86, for a total transaction of C$15,272,532.16. In the last three months, insiders sold 143,968 shares of company stock worth $24,621,673. 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.