Celestica (NYSE:CLS) Given New $115.00 Price Target at JPMorgan Chase & Co.

Celestica (NYSE:CLS) (TSE:CLS) had its target price upped by investment analysts at JPMorgan Chase & Co. from $105.00 to $115.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 31.51% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Barclays lowered their price target on shares of Celestica from $157.00 to $126.00 and set an “overweight” rating for the company in a report on Monday. TD Securities lifted their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Stifel Nicolaus lifted their price objective on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Finally, CIBC decreased their price target on shares of Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.09.

Celestica Stock Down 1.8 %

Celestica stock traded down $1.61 during midday trading on Monday, hitting $87.45. 1,015,141 shares of the company were exchanged, compared to its average volume of 5,016,974. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The company’s fifty day moving average price is $89.22 and its 200-day moving average price is $92.50. The company has a market cap of $10.14 billion, a PE ratio of 23.38 and a beta of 2.09.

Insiders Place Their Bets

In other news, President Todd C. Cooper sold 65,000 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the transaction, the president now owns 110,426 shares of the company’s stock, valued at approximately $14,331,086.28. The trade was a 37.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Yann L. Etienvre sold 83,179 shares of Celestica stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the completion of the sale, the insider now owns 9,224 shares in the company, valued at approximately $1,127,910.72. This represents a 90.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 934,381 shares of company stock valued at $116,673,769 over the last quarter. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Celestica

A number of hedge funds have recently made changes to their positions in CLS. State Street Corp acquired a new stake in Celestica in the 3rd quarter valued at approximately $452,000. Barclays PLC lifted its stake in shares of Celestica by 151.3% in the 3rd quarter. Barclays PLC now owns 51,848 shares of the technology company’s stock worth $2,651,000 after acquiring an additional 31,219 shares during the period. Geode Capital Management LLC increased its position in shares of Celestica by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 109,915 shares of the technology company’s stock valued at $6,236,000 after purchasing an additional 8,660 shares during the period. Invst LLC raised its stake in shares of Celestica by 24.0% in the 3rd quarter. Invst LLC now owns 10,069 shares of the technology company’s stock worth $515,000 after buying an additional 1,948 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in shares of Celestica in the third quarter valued at $4,003,000. Institutional investors 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.