Celestica (NYSE:CLS) Price Target Raised to $107.00 at TD Securities

Celestica (NYSE:CLS) (TSE:CLS) had its target price lifted by analysts at TD Securities from $70.00 to $107.00 in a report issued on Tuesday, MarketBeat reports. The brokerage presently has a “buy” rating on the technology company’s stock. TD Securities’ price objective would indicate a potential downside of 13.41% from the company’s current price.

A number of other brokerages have also issued reports on CLS. BMO Capital Markets lifted their target price on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. 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 note on Thursday, October 24th. Stifel Nicolaus raised their price objective on Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Barclays began coverage on Celestica in a report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 target price on the stock. Finally, Canaccord Genuity Group boosted their price target on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $99.64.

Celestica Trading Up 8.2 %

Shares of NYSE:CLS opened at $123.57 on Tuesday. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 33.04 and a beta of 2.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica has a 12 month low of $32.80 and a 12 month high of $133.66. The company’s fifty day simple moving average is $98.48 and its 200 day simple moving average is $72.36.

Insider Transactions at Celestica

In related news, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction 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. This trade represents a 93.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Celestica

Hedge funds and other institutional investors have recently modified their holdings of the company. LMG Wealth Partners LLC raised its stake in Celestica by 2.2% in the 4th quarter. LMG Wealth Partners LLC now owns 31,761 shares of the technology company’s stock worth $2,932,000 after purchasing an additional 696 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Celestica by 20.6% in the fourth quarter. Private Advisor Group LLC now owns 22,039 shares of the technology company’s stock valued at $2,034,000 after buying an additional 3,763 shares during the period. Alberta Investment Management Corp grew its position in Celestica by 161.5% during the fourth quarter. Alberta Investment Management Corp now owns 279,791 shares of the technology company’s stock worth $25,808,000 after buying an additional 172,814 shares in the last quarter. Global Retirement Partners LLC increased its stake in Celestica by 77.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,654 shares of the technology company’s stock worth $153,000 after acquiring an additional 721 shares during the period. Finally, Peregrine Capital Management LLC acquired a new position in Celestica in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

About Celestica

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.