Celestica, Inc. (NYSE:CLS) Receives $356.59 Average Target Price from Analysts

Shares of Celestica, Inc. (NYSE:CLSGet Free Report) (TSE:CLS) have been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $356.5882.

Several analysts recently commented on CLS shares. UBS Group raised their price objective on Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Barclays lifted their price objective on Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Canaccord Genuity Group lifted their price target on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. TD Cowen reiterated a “hold” rating on shares of Celestica in a report on Friday, January 30th. Finally, Aletheia Capital raised their price objective on shares of Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th.

Check Out Our Latest Analysis on Celestica

Insider Buying and Selling

In related news, President Jason Phillips sold 100,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the completion of the transaction, the president owned 12,584 shares in the company, valued at approximately $3,887,449.28. This represents a 88.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Todd C. Cooper sold 89,484 shares of Celestica stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $287.45, for a total transaction of $25,722,175.80. Following the completion of the sale, the president owned 108,970 shares in the company, valued at $31,323,426.50. The trade was a 45.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 297,923 shares of company stock worth $88,027,459. 0.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celestica

Hedge funds have recently modified their holdings of the stock. Strive Financial Group LLC bought a new stake in Celestica during the fourth quarter worth about $213,000. Mercer Global Advisors Inc. ADV increased its position in shares of Celestica by 1,570.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 52,876 shares of the technology company’s stock worth $15,631,000 after purchasing an additional 49,711 shares during the last quarter. State of Tennessee Department of Treasury bought a new stake in shares of Celestica during the 4th quarter worth approximately $17,994,000. EP Wealth Advisors LLC acquired a new position in Celestica during the fourth quarter worth $209,000. Finally, Mackenzie Financial Corp increased its holdings in Celestica by 126.8% during the fourth quarter. Mackenzie Financial Corp now owns 452,110 shares of the technology company’s stock worth $135,080,000 after buying an additional 252,790 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

Shares of CLS stock opened at $292.12 on Monday. The stock has a market cap of $33.61 billion, a PE ratio of 40.69 and a beta of 1.86. The stock has a 50-day moving average of $301.50 and a 200-day moving average of $277.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. Celestica has a one year low of $58.05 and a one year high of $363.40.

Key Celestica News

Here are the key news stories impacting Celestica this week:

About Celestica

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Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.

Further Reading

Analyst Recommendations for Celestica (NYSE:CLS)

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