Celestica (TSE:CLS) Shares Down 6.4% – Time to Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price dropped 6.4% during trading on Wednesday . The company traded as low as C$130.05 and last traded at C$130.18. Approximately 147,364 shares changed hands during trading, a decline of 86% from the average daily volume of 1,085,697 shares. The stock had previously closed at C$139.07.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Cormark raised their target price on Celestica from C$93.00 to C$137.00 in a report on Thursday, January 30th. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets boosted their target price on Celestica from C$72.00 to C$140.00 in a research note on Thursday, January 30th. Two 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$96.75.

Celestica Stock Performance

The stock’s fifty day moving average is C$155.89 and its two-hundred day moving average is C$123.10. The firm has a market capitalization of C$10.23 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 0.14 and a beta of 2.23. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72.

Insider Buying and Selling

In other Celestica news, Senior Officer Todd Christopher Cooper sold 1,772 shares of Celestica stock in a transaction on Friday, February 7th. The shares were sold at an average price of C$189.53, for a total transaction of C$335,851.06. Also, Director Alok K. Agrawal sold 6,826 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of C$191.50, for a total transaction of C$1,307,181.11. Over the last 90 days, insiders sold 132,714 shares of company stock worth $23,276,319. Company 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.