Cormark Raises Celestica (TSE:CLS) Price Target to C$137.00

Celestica (TSE:CLS) (NYSE:CLS) had its price objective upped by investment analysts at Cormark from C$93.00 to C$137.00 in a research note issued on Thursday, MarketBeat reports. Cormark’s price target suggests a potential downside of 23.65% from the stock’s current price. Cormark also issued estimates for Celestica’s Q4 2024 earnings at $1.46 EPS, FY2024 earnings at $5.07 EPS, Q1 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.49 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.56 EPS and FY2025 earnings at $5.80 EPS.

Other equities research analysts also recently issued reports about the stock. UBS Group raised shares of Celestica to a “hold” rating in a research note on Friday, November 22nd. Barclays upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$96.75.

Celestica Price Performance

Celestica stock opened at C$179.43 on Thursday. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 52.78. The stock has a market cap of C$21.28 billion, a P/E ratio of 42.52, a PEG ratio of 0.14 and a beta of 2.23. The company has a 50-day moving average price of C$140.97 and a 200 day moving average price of C$101.14. Celestica has a 12-month low of C$43.97 and a 12-month high of C$194.05.

Insider Activity

In related news, Director Robert Andrew Mionis sold 60,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$110.13, for a total transaction of C$6,607,522.80. Also, Director Michael M. Wilson sold 5,100 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$141.77, for a total value of C$723,030.57. Over the last three months, insiders sold 94,354 shares of company stock valued at $10,780,754. 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.