Celestica (TSE:CLS) Trading Down 6.5% – Should You Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s stock price traded down 6.5% on Thursday . The company traded as low as C$116.75 and last traded at C$121.86. 218,578 shares were traded during trading, a decline of 81% from the average session volume of 1,134,485 shares. The stock had previously closed at C$130.38.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. BMO Capital Markets increased their price objective on Celestica from C$72.00 to C$140.00 in a research note on Thursday, January 30th. UBS Group raised Celestica to a “hold” rating in a research note on Friday, November 22nd. Finally, Cormark raised their price target on Celestica from C$93.00 to C$137.00 in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$96.75.

Celestica Price Performance

The business has a 50 day moving average of C$160.37 and a 200 day moving average of C$117.01. The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54. The company has a market cap of C$9.95 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.

Insiders Place Their Bets

In other news, Senior Officer Todd Christopher Cooper sold 1,772 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of C$189.53, for a total transaction of C$335,851.06. Also, Senior Officer Mandeep Chawla sold 9,483 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of C$183.66, for a total value of C$1,741,689.20. Over the last 90 days, insiders sold 132,714 shares of company stock worth $23,276,319. 1.00% of the stock is owned by corporate insiders.

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.