Celestica (TSE:CLS) Stock Price Up 6.1% – Should You Buy?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price rose 6.1% during mid-day trading on Wednesday . The company traded as high as C$148.16 and last traded at C$144.38. Approximately 232,836 shares changed hands during trading, a decline of 67% from the average daily volume of 698,704 shares. The stock had previously closed at C$136.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CLS shares. UBS Group raised shares of Celestica to a “hold” rating in a report on Friday, November 22nd. Cormark upped their target price on shares of Celestica from C$93.00 to C$137.00 in a research report on Thursday. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday. BMO Capital Markets upped their target price on shares of Celestica from C$72.00 to C$140.00 in a research report on Thursday. Finally, Barclays raised shares of Celestica to a “strong-buy” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$96.75.

Celestica Stock Up 8.2 %

The firm has a market cap of C$21.28 billion, a price-to-earnings ratio of 42.52, a P/E/G ratio of 0.14 and a beta of 2.23. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 52.78. The firm has a 50 day moving average price of C$140.97 and a 200-day moving average price of C$101.14.

Insider Buying and Selling

In other news, Director Michael M. Wilson sold 5,100 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$141.77, for a total transaction of C$723,030.57. Also, Director Robert Andrew Mionis sold 60,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of C$110.13, for a total value of C$6,607,522.80. In the last quarter, insiders sold 94,354 shares of company stock worth $10,780,754. 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.