Celestica, Inc. (NYSE:CLS) Given Consensus Rating of “Moderate Buy” by Analysts

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

CLS has been the subject of a number of recent analyst reports. New Street Research set a $400.00 target price on Celestica in a report on Wednesday, October 29th. UBS Group upped their price objective on shares of Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Barclays lifted their target price on shares of Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Canadian Imperial Bank of Commerce boosted their price target on shares of Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, Canaccord Genuity Group raised their price objective on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, February 2nd.

Insider Activity at Celestica

In related news, President Jason Phillips sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was 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 of the company’s stock, valued at $3,887,449.28. This trade represents a 88.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yann L. Etienvre sold 1,145 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total value of $324,618.95. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 297,923 shares of company stock worth $88,027,459 over the last ninety days. 0.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celestica

A number of hedge funds have recently bought and sold shares of CLS. FORA Capital LLC bought a new stake in Celestica in the 4th quarter worth about $1,436,000. Kestra Advisory Services LLC grew its stake in shares of Celestica by 32.6% in the fourth quarter. Kestra Advisory Services LLC now owns 37,097 shares of the technology company’s stock worth $10,966,000 after acquiring an additional 9,113 shares during the period. Marshall Wace LLP raised its holdings in shares of Celestica by 16.9% during the fourth quarter. Marshall Wace LLP now owns 326,099 shares of the technology company’s stock valued at $96,398,000 after purchasing an additional 47,171 shares during the last quarter. Absolute Gestao de Investimentos Ltda. bought a new position in Celestica during the fourth quarter valued at approximately $263,000. Finally, Inspire Advisors LLC lifted its position in Celestica by 200.6% during the fourth quarter. Inspire Advisors LLC now owns 3,622 shares of the technology company’s stock valued at $1,071,000 after purchasing an additional 2,417 shares during the period. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 2.2%

CLS opened at $280.86 on Monday. Celestica has a one year low of $58.05 and a one year high of $363.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. The business has a 50 day simple moving average of $304.95 and a two-hundred day simple moving average of $276.57. The firm has a market capitalization of $32.31 billion, a price-to-earnings ratio of 39.12 and a beta of 1.86.

Celestica Company Profile

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.