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

Celestica Inc. (NYSE:CLS) (TSE:CLS)’s stock price traded up 0% on Friday . The stock traded as high as $86.58 and last traded at $84.42. 1,224,245 shares were traded 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 Analyst Weigh In

A number of brokerages have commented on CLS. Canaccord Genuity Group raised their price objective on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Stifel Nicolaus boosted their price objective on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Barclays upped their price target on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. began coverage on Celestica in a research report on Friday, February 21st. They set an “overweight” rating and a $166.00 price objective for the company. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

Celestica Trading Down 2.4 %

The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $108.70 and a 200-day moving average price of $87.48. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 22.06 and a beta of 2.21.

Insider Transactions at Celestica

In related news, President Todd C. Cooper sold 9,538 shares of Celestica stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,216,476.52. Following the completion of the transaction, the president now directly owns 175,426 shares of the company’s stock, valued at $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total value of $914,137.92. Following the transaction, the insider now directly owns 9,224 shares in the company, valued at approximately $1,235,278.08. This represents a 42.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Celestica

Large investors have recently modified their holdings of the business. Cornerstone Wealth Management LLC bought a new stake in shares of Celestica in the fourth quarter valued at about $385,000. Raymond James Financial Inc. bought a new stake in Celestica in the 4th quarter valued at approximately $47,685,000. Schechter Investment Advisors LLC bought a new stake in Celestica in the 4th quarter valued at approximately $294,000. XTX Topco Ltd acquired a new position in Celestica during the 3rd quarter worth approximately $1,580,000. Finally, Fruth Investment Management bought a new position in shares of Celestica during the 4th quarter worth approximately $286,000. 67.38% of the stock is currently owned by institutional investors.

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.