Celestica (TSE:CLS) Hits New 12-Month High on Analyst Upgrade

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price hit a new 52-week high during trading on Friday after BMO Capital Markets raised their price target on the stock from C$72.00 to C$140.00. The company traded as high as C$194.05 and last traded at C$179.43, with a volume of 1888078 shares. The stock had previously closed at C$165.78.

A number of other research analysts also recently issued reports on CLS. UBS Group upgraded shares of Celestica to a “hold” rating in a research report on Friday, November 22nd. Cormark boosted their price target on Celestica from C$93.00 to C$137.00 in a research report on Thursday. Finally, Barclays upgraded Celestica to a “strong-buy” rating in a research report on Tuesday, November 5th.

Insider Activity at Celestica

In other Celestica news, Director Michael M. Wilson sold 5,100 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$141.77, for a total transaction of C$723,030.57. Also, Director Robert Andrew Mionis sold 60,000 shares of Celestica stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$110.13, for a total value of C$6,607,522.80. Insiders sold a total of 94,354 shares of company stock valued at $10,780,754 in the last three months. 1.00% of the stock is currently owned by company insiders.

Celestica Trading Up 8.2 %

The company has a debt-to-equity ratio of 52.78, a quick ratio of 0.54 and a current ratio of 1.47. The stock has a market capitalization of C$21.28 billion, a price-to-earnings ratio of 42.52, a P/E/G ratio of 0.14 and a beta of 2.23. The firm has a fifty day moving average of C$139.94 and a 200-day moving average of C$100.31.

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.