Celestica (NYSE:CLS) Given New $139.00 Price Target at Barclays

Celestica (NYSE:CLS) (TSE:CLS) had its target price hoisted by Barclays from $91.00 to $139.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective would indicate a potential upside of 21.82% from the company’s previous close.

Other analysts also recently issued reports about the stock. Stifel Nicolaus boosted their target price on shares of Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada upped their price objective on shares of Celestica from $75.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. BMO Capital Markets raised 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. TD Securities upped their price target on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, TD Cowen raised their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.18.

Celestica Stock Up 13.5 %

CLS stock traded up $13.62 during midday trading on Thursday, reaching $114.11. The company had a trading volume of 9,673,285 shares, compared to its average volume of 4,389,904. The company has a 50 day moving average of $97.35 and a two-hundred day moving average of $71.46. The company has a market capitalization of $13.28 billion, a P/E ratio of 36.22 and a beta of 2.25. Celestica has a 1 year low of $32.80 and a 1 year high of $131.23. 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 related news, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the sale, the director now directly owns 1,784 shares of the company’s stock, valued at $176,134.32. This trade represents a 93.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Celestica

A number of institutional investors have recently modified their holdings of the stock. Optimum Investment Advisors increased its position in Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Truist Financial Corp raised its stake in shares of Celestica by 2.0% during the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock worth $631,000 after buying an additional 214 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Celestica by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock worth $67,000 after acquiring an additional 275 shares during the period. UMB Bank n.a. increased its holdings in Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after purchasing an additional 288 shares during the last quarter. Finally, Pier Capital LLC boosted its holdings in Celestica by 0.4% during the third quarter. Pier Capital LLC now owns 93,055 shares of the technology company’s stock worth $4,757,000 after buying an additional 335 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

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.