Celestica (NYSE:CLS) Trading Up 0% – Still a Buy?

Celestica Inc. (NYSE:CLS) (TSE:CLS)’s share price traded up 0% during trading on Friday . The stock traded as high as $86.58 and last traded at $84.42. 1,224,245 shares changed hands during trading, a decline of 56% from the average session volume of 2,771,487 shares. The stock had previously closed at $84.39.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of recent analyst reports. TD Securities boosted their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Canaccord Genuity Group upped their target price on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Barclays lifted their price target on Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a report on Friday, January 31st. Finally, Stifel Nicolaus lifted their target price on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Celestica Stock Down 2.2 %

The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 22.07 and a beta of 2.21. The business’s 50 day moving average is $108.09 and its 200 day moving average is $88.07.

Insider Transactions at Celestica

In related news, Director Michael Wilson sold 25,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total value 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 approximately $176,134.32. This represents a 93.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74. Following the transaction, the insider now directly owns 83,179 shares in the company, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock valued at $119,142,019 over the last quarter. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Celestica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC acquired a new position in shares of Celestica in the fourth quarter worth $385,000. Raymond James Financial Inc. bought a new position in shares of Celestica in the fourth quarter valued at approximately $47,685,000. Schechter Investment Advisors LLC acquired a new position in Celestica during the 4th quarter worth $294,000. XTX Topco Ltd acquired a new position in shares of Celestica during the 3rd quarter worth about $1,580,000. Finally, Fruth Investment Management bought a new stake in Celestica during the 4th quarter valued at approximately $286,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

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.