Brokerages Set Celestica, Inc. (NYSE:CLS) PT at $356.59

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) have been given a consensus rating of “Moderate Buy” by the twenty analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $356.5882.

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Barclays lifted their price target on Celestica from $359.00 to $391.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. The Goldman Sachs Group upped their price objective on shares of Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Bank of America began coverage on shares of Celestica in a research note on Wednesday, January 28th. They issued a “buy” rating and a $400.00 price target for the company.

Insider Buying and Selling

In other news, President Todd C. Cooper sold 1,065 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $301,938.15. Following the completion of the sale, the president owned 108,970 shares in the company, valued at approximately $30,894,084.70. The trade was a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the completion of the transaction, the president owned 12,584 shares of the company’s stock, valued at approximately $3,887,449.28. The trade was a 88.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 297,923 shares of company stock worth $88,027,459 over the last 90 days. 0.52% of the stock is owned by insiders.

Institutional Trading of Celestica

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Celestica by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock valued at $1,423,333,000 after purchasing an additional 73,022 shares during the period. JPMorgan Chase & Co. lifted its stake in Celestica by 24.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after buying an additional 798,782 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Celestica by 5,806,149.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after acquiring an additional 3,657,874 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Celestica by 471.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after acquiring an additional 2,596,318 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Celestica by 18.6% during the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock worth $673,471,000 after acquiring an additional 356,797 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Up 0.7%

Shares of NYSE CLS opened at $293.44 on Monday. The stock has a market cap of $33.76 billion, a PE ratio of 40.87 and a beta of 1.86. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Celestica has a 12-month low of $58.05 and a 12-month high of $363.40. The company has a 50-day moving average of $300.04 and a 200 day moving average of $279.75.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.