Analysts Set Celestica Inc. (NYSE:CLS) Target Price at $110.83

Celestica Inc. (NYSE:CLS) (TSE:CLS) has been given an average recommendation of “Buy” by the thirteen analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $110.83.

CLS has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. initiated coverage on shares of Celestica in a report on Friday, February 21st. They issued an “overweight” rating and a $166.00 target price for the company. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. UBS Group initiated coverage on shares of Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price for the company. Finally, TD Securities upped their target price on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, January 28th.

Celestica Price Performance

Shares of CLS opened at $87.48 on Monday. Celestica has a 1-year low of $40.25 and a 1-year high of $144.27. The stock has a market cap of $10.18 billion, a PE ratio of 23.39 and a beta of 2.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The firm has a fifty day moving average price of $111.23 and a 200 day moving average price of $83.72.

Insiders Place Their Bets

In other Celestica news, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now directly owns 1,784 shares in the company, valued at approximately $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert Mionis sold 52,588 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the transaction, the chief executive officer now owns 531,417 shares in the company, valued at $67,776,924.18. The trade was a 9.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is owned by company insiders.

Institutional Trading of Celestica

Several large investors have recently modified their holdings of CLS. FMR LLC grew its position in shares of Celestica by 91.2% in the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company’s stock valued at $1,078,804,000 after purchasing an additional 5,574,342 shares during the last quarter. FIL Ltd grew its position in shares of Celestica by 5,976.1% in the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company’s stock valued at $319,662,000 after purchasing an additional 3,406,723 shares during the last quarter. Norges Bank acquired a new stake in shares of Celestica in the fourth quarter valued at approximately $139,008,000. Polar Capital Holdings Plc grew its position in shares of Celestica by 822.6% in the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company’s stock valued at $148,416,000 after purchasing an additional 1,433,681 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Celestica by 64.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company’s stock valued at $329,460,000 after purchasing an additional 1,401,877 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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.