Barclays Boosts Celestica (NYSE:CLS) Price Target to $157.00

Celestica (NYSE:CLS) (TSE:CLS) had its price target hoisted by equities research analysts at Barclays from $139.00 to $157.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective suggests a potential upside of 18.79% from the stock’s current price.

CLS has been the subject of several other research reports. Stifel Nicolaus initiated coverage on Celestica in a research note on Tuesday, February 4th. They set a “buy” rating and a $140.00 price target for the company. UBS Group initiated coverage on Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target for the company. BMO Capital Markets upped their price target on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a research note on Friday, January 31st. Finally, Royal Bank of Canada upped their price target on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.91.

Celestica Price Performance

CLS stock opened at $132.16 on Thursday. The company has a market capitalization of $15.38 billion, a P/E ratio of 35.34 and a beta of 2.27. Celestica has a twelve month low of $36.11 and a twelve month high of $144.27. The business has a 50 day simple moving average of $107.15 and a 200-day simple moving average of $77.41. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Insider Buying and Selling at Celestica

In other Celestica news, President Todd C. Cooper sold 65,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the sale, the president now owns 110,426 shares of the company’s stock, valued at approximately $14,331,086.28. This represents a 37.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Mionis sold 52,588 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $6,707,073.52. Following the completion of the sale, the chief executive officer now directly owns 531,417 shares in the company, valued at $67,776,924.18. This trade represents a 9.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 959,381 shares of company stock valued at $119,142,019. Insiders own 1.00% of the company’s stock.

Institutional Trading of Celestica

Several large investors have recently bought and sold shares of the company. Cornerstone Wealth Management LLC acquired a new stake in shares of Celestica during the fourth quarter valued at $385,000. Quantbot Technologies LP boosted its stake in shares of Celestica by 120.9% during the third quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock valued at $5,299,000 after acquiring an additional 56,732 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Celestica during the third quarter valued at $61,210,000. Sigma Planning Corp acquired a new stake in shares of Celestica during the third quarter valued at $420,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Celestica by 61.9% during the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock valued at $1,682,000 after acquiring an additional 12,584 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

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.