Celestica, Inc. (NYSE:CLS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) have been given a consensus rating of “Moderate Buy” by the twenty analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $356.5882.

Several brokerages recently weighed in on CLS. Canaccord Genuity Group increased their price objective on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Aletheia Capital upped their target price on shares of Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 price target on shares of Celestica in a research note on Thursday, January 22nd. TD Securities lifted their price objective on Celestica from $305.00 to $330.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st.

Insider Activity

In other Celestica news, President Todd C. Cooper sold 1,065 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total value of $301,938.15. Following the completion of the sale, the president owned 108,970 shares of the company’s stock, valued at approximately $30,894,084.70. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Yann L. Etienvre sold 1,145 shares of Celestica stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $324,618.95. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 297,923 shares of company stock valued at $88,027,459 in the last ninety days. 0.52% of the stock is owned by insiders.

Institutional Trading of Celestica

Several hedge funds have recently added to or reduced their stakes in CLS. Northwestern Mutual Wealth Management Co. grew its stake in Celestica by 5,806,149.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after acquiring an additional 3,657,874 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Celestica by 471.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after purchasing an additional 2,596,318 shares during the period. Viking Global Investors LP bought a new stake in Celestica during the 3rd quarter worth approximately $424,459,000. Norges Bank acquired a new stake in Celestica during the 4th quarter worth approximately $456,511,000. Finally, AQR Capital Management LLC bought a new position in Celestica in the fourth quarter valued at approximately $315,497,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Performance

Shares of NYSE:CLS opened at $293.44 on Monday. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Celestica has a 1-year low of $58.05 and a 1-year high of $363.40. The stock has a market capitalization of $33.76 billion, a P/E ratio of 40.87 and a beta of 1.86. The business has a 50-day moving average price of $300.04 and a two-hundred day moving average price of $278.61.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.