Celestica (NYSE:CLS) Price Target Raised to $107.00

Celestica (NYSE:CLS) (TSE:CLS) had its price objective increased by TD Securities from $70.00 to $107.00 in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the technology company’s stock.

CLS has been the topic of several other research reports. UBS Group initiated coverage on Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective on the stock. Canaccord Genuity Group upped their price target on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. TD Cowen lifted their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets upped their target price on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada lifted their price target on shares of Celestica from $75.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.18.

Celestica Stock Up 13.5 %

Shares of NYSE CLS opened at $114.11 on Tuesday. Celestica has a 1 year low of $32.80 and a 1 year high of $131.23. The firm has a 50-day simple moving average of $97.80 and a two-hundred day simple moving average of $71.75. The company has a market cap of $13.28 billion, a P/E ratio of 36.22 and a beta of 2.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Insider Buying and Selling

In related news, Director Michael Wilson sold 25,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the sale, the director now owns 1,784 shares of the company’s stock, valued at $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Celestica

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. increased its position in Celestica by 18.9% during the 2nd quarter. Sei Investments Co. now owns 48,230 shares of the technology company’s stock valued at $2,765,000 after buying an additional 7,670 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Celestica by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 493,382 shares of the technology company’s stock valued at $28,214,000 after purchasing an additional 39,486 shares during the last quarter. Ascent Group LLC acquired a new stake in Celestica in the 2nd quarter worth approximately $225,000. Creative Planning grew its position in Celestica by 4.7% during the 2nd quarter. Creative Planning now owns 7,526 shares of the technology company’s stock worth $431,000 after purchasing an additional 336 shares during the last quarter. Finally, Invst LLC increased its stake in Celestica by 81.0% during the 2nd quarter. Invst LLC now owns 8,121 shares of the technology company’s stock valued at $469,000 after purchasing an additional 3,635 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

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.