Celestica (TSE:CLS) Upgraded by Cibc World Mkts to Strong-Buy Rating

Cibc World Mkts upgraded shares of Celestica (TSE:CLS) (NYSE:CLS) from a hold rating to a strong-buy rating in a report issued on Friday morning,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Cormark increased their price target on shares of Celestica from C$93.00 to C$137.00 in a report on Thursday. UBS Group raised shares of Celestica to a “hold” rating in a report on Friday, November 22nd. Barclays raised shares of Celestica to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets increased their target price on shares of Celestica from C$72.00 to C$140.00 in a report on Thursday. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$96.75.

Celestica Price Performance

Shares of TSE:CLS opened at C$179.43 on Friday. The company’s fifty day moving average price is C$139.94 and its 200-day moving average price is C$100.31. The firm has a market capitalization of C$21.28 billion, a price-to-earnings ratio of 42.52, a PEG ratio of 0.14 and a beta of 2.23. Celestica has a one year low of C$43.97 and a one year high of C$194.05. The company has a debt-to-equity ratio of 52.78, a current ratio of 1.47 and a quick ratio of 0.54.

Insiders Place Their Bets

In other Celestica news, Director Michael M. Wilson sold 5,100 shares of Celestica stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$141.77, for a total value of C$723,030.57. Also, Director Alok K. Agrawal sold 1,550 shares of Celestica stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$119.54, for a total transaction of C$185,293.91. Insiders have sold a total of 94,354 shares of company stock valued at $10,780,754 in the last quarter. Insiders own 1.00% 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.