BMO Capital Markets Has Lowered Expectations for Celestica (TSE:CLS) Stock Price

Celestica (TSE:CLS) (NYSE:CLS) had its price objective reduced by BMO Capital Markets from C$140.00 to C$118.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

Several other brokerages also recently issued reports on CLS. Cormark boosted their price objective on Celestica from C$93.00 to C$137.00 in a research report on Thursday, January 30th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Celestica currently has a consensus rating of “Buy” and a consensus price target of C$110.50.

Celestica Stock Performance

Shares of CLS stock opened at C$117.63 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72. The business has a 50 day moving average of C$123.34 and a two-hundred day moving average of C$130.77. The company has a market cap of C$9.95 billion, a P/E ratio of 26.80, a PEG ratio of 0.14 and a beta of 2.23. Celestica has a 52 week low of C$55.10 and a 52 week high of C$206.57.

Insider Activity at Celestica

In related news, Senior Officer Mandeep Chawla sold 87,341 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of C$174.86, for a total value of C$15,272,532.16. Also, Senior Officer Todd Christopher Cooper sold 1,772 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of C$189.53, for a total value of C$335,851.06. Insiders sold 127,614 shares of company stock worth $22,553,289 in the last quarter. 1.00% of the stock is owned by company 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.