Stifel Nicolaus Increases Celestica (NYSE:CLS) Price Target to $150.00

Celestica (NYSE:CLS) (TSE:CLS) had its price objective increased by investment analysts at Stifel Nicolaus from $140.00 to $150.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 13.37% from the company’s current price.

Other analysts have also recently issued reports about the company. BMO Capital Markets increased their price objective on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Securities increased their price objective on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. UBS Group began coverage on Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective on the stock. Royal Bank of Canada increased their price objective on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Canaccord Genuity Group increased their price objective on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.82.

Celestica Stock Up 0.2 %

NYSE:CLS opened at $132.31 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The stock’s fifty day moving average is $107.98 and its two-hundred day moving average is $78.37. Celestica has a 52 week low of $36.11 and a 52 week high of $144.27. The stock has a market capitalization of $15.40 billion, a price-to-earnings ratio of 35.38 and a beta of 2.27.

Insider Activity at Celestica

In other Celestica news, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. This trade represents a 93.34 % 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, CEO Robert Mionis sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the transaction, the chief executive officer now directly owns 456,417 shares in the company, valued at approximately $64,487,157.93. The trade was a 14.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock valued at $119,142,019 over the last quarter. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Celestica

A number of hedge funds and other institutional investors have recently made changes to their positions in CLS. Creative Planning grew its holdings in shares of Celestica by 36.1% during the third quarter. Creative Planning now owns 10,240 shares of the technology company’s stock worth $523,000 after buying an additional 2,714 shares during the last quarter. Stratos Wealth Advisors LLC grew its holdings in shares of Celestica by 20.0% during the third quarter. Stratos Wealth Advisors LLC now owns 4,200 shares of the technology company’s stock worth $215,000 after buying an additional 700 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Celestica by 63.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 158,242 shares of the technology company’s stock worth $8,089,000 after buying an additional 61,135 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Celestica by 8.4% during the third quarter. Whittier Trust Co. now owns 7,867 shares of the technology company’s stock worth $402,000 after buying an additional 608 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Celestica by 26.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock valued at $67,000 after purchasing an additional 275 shares during the period. 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.