Stifel Nicolaus Increases Celestica (NYSE:CLS) Price Target to $150.00

Celestica (NYSE:CLS) (TSE:CLS) had its price objective hoisted by analysts at Stifel Nicolaus from $140.00 to $150.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target points to a potential upside of 13.37% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a research report on Friday, January 31st. TD Cowen lifted their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. BMO Capital Markets lifted their price target on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, TD Securities lifted their price target on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.82.

Celestica Price Performance

Shares of NYSE:CLS opened at $132.31 on Wednesday. The company has a 50-day moving average price of $107.98 and a 200 day moving average price of $78.37. Celestica has a 52 week low of $36.11 and a 52 week high of $144.27. 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 market cap of $15.40 billion, a P/E ratio of 35.38 and a beta of 2.27.

Insiders Place Their Bets

In other Celestica news, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the sale, the president now directly owns 110,426 shares of the company’s stock, valued at $14,331,086.28. The trade was a 37.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 959,381 shares of company stock valued at $119,142,019. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Celestica

Institutional investors have recently made changes to their positions in the stock. Peregrine Capital Management LLC purchased a new stake in shares of Celestica during the 4th quarter valued at $30,000. Pinpoint Asset Management Ltd grew its stake in shares of Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after buying an additional 182 shares during the period. Bessemer Group Inc. purchased a new stake in shares of Celestica during the 4th quarter valued at $42,000. R Squared Ltd purchased a new stake in shares of Celestica during the 4th quarter valued at $51,000. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Celestica during the 3rd quarter valued at $30,000. 67.38% of the stock is owned by hedge funds and other 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.