Celestica (NYSE:CLS) Price Target Raised to $107.00 at TD Securities

Celestica (NYSE:CLS) (TSE:CLS) had its price objective raised by TD Securities from $70.00 to $107.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets boosted their target price on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada increased their target price on shares of Celestica from $75.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. UBS Group initiated coverage on Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target for the company. Stifel Nicolaus increased their price target on Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Canaccord Genuity Group boosted their price objective on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average price target of $84.82.

Celestica Stock Up 8.0 %

Celestica stock opened at $94.39 on Tuesday. Celestica has a 52 week low of $31.82 and a 52 week high of $131.23. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 29.96 and a beta of 2.25. The business’s 50-day moving average price is $97.08 and its 200 day moving average price is $71.25. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Insider Buying and Selling at Celestica

In other news, Director Michael Wilson sold 25,000 shares of the stock in a transaction dated Monday, January 6th. The shares were 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 in the company, valued at $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Celestica

Several large investors have recently bought and sold shares of CLS. Whale Rock Capital Management LLC lifted its stake in Celestica by 13.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after purchasing an additional 975,163 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Celestica during the third quarter worth approximately $61,210,000. Point72 Asset Management L.P. boosted its stake in Celestica by 38.5% during the third quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after buying an additional 301,563 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in Celestica by 25.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock valued at $27,413,000 after buying an additional 109,972 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd increased its stake in shares of Celestica by 53.8% in the 3rd quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock worth $26,799,000 after acquiring an additional 183,300 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

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.