Insider Selling: Celestica Inc. (TSE:CLS) Senior Officer Sells C$335,851.06 in Stock

Celestica Inc. (TSE:CLS) (NYSE:CLS) Senior Officer Todd Christopher Cooper sold 1,772 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of C$189.53, for a total transaction of C$335,851.06.

Celestica Stock Performance

Shares of CLS stock opened at C$184.19 on Friday. The firm has a market cap of C$15.58 billion, a price-to-earnings ratio of 41.97, a P/E/G ratio of 0.14 and a beta of 2.23. The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.54 and a current ratio of 1.47. Celestica Inc. has a 52 week low of C$48.88 and a 52 week high of C$206.57. The firm’s 50-day simple moving average is C$151.60 and its two-hundred day simple moving average is C$107.08.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CLS shares. Barclays raised shares of Celestica to a “strong-buy” rating in a research report on Tuesday, November 5th. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. UBS Group raised shares of Celestica to a “hold” rating in a research report on Friday, November 22nd. Cormark raised their price target on shares of Celestica from C$93.00 to C$137.00 in a research report on Thursday, January 30th. Finally, BMO Capital Markets lifted their price objective on shares of Celestica from C$72.00 to C$140.00 in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$96.75.

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.