TD Securities Boosts Celestica (NYSE:CLS) Price Target to $107.00

Celestica (NYSE:CLS) (TSE:CLS) had its price target lifted by research analysts at TD Securities from $70.00 to $107.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. TD Securities’ price objective indicates a potential upside of 13.36% from the stock’s current price.

Several other research analysts have also commented on CLS. Barclays assumed coverage on Celestica in a research note on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price objective for the company. BMO Capital Markets lifted their target price on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. UBS Group initiated coverage on shares of Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price on the stock. Stifel Nicolaus lifted their price target on shares of Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada increased their price objective on shares of Celestica from $75.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.82.

Celestica Trading Up 8.0 %

CLS stock traded up $7.03 during mid-day trading on Tuesday, hitting $94.39. 8,490,400 shares of the company were exchanged, compared to its average volume of 3,840,020. Celestica has a 12-month low of $31.82 and a 12-month high of $131.23. The firm has a market capitalization of $10.98 billion, a P/E ratio of 29.96 and a beta of 2.25. The business has a fifty day simple moving average of $96.92 and a 200-day simple moving average of $71.01. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Insider Transactions at Celestica

In other news, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction on Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the transaction, the director now directly owns 1,784 shares of the company’s stock, valued at $176,134.32. The trade was a 93.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CLS. Optimum Investment Advisors raised its holdings in shares of Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in Celestica during the 3rd quarter valued at approximately $30,000. UMB Bank n.a. acquired a new stake in Celestica during the 3rd quarter worth approximately $34,000. Private Trust Co. NA grew its stake in shares of Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in shares of Celestica in the third quarter valued at approximately $51,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

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.