Celestica (TSE:CLS) Stock Rating Upgraded by Cibc World Mkts

Cibc World Mkts upgraded shares of Celestica (TSE:CLS) (NYSE:CLS) from a hold rating to a strong-buy rating in a research report sent to investors on Friday,Zacks.com reports.

Several other brokerages have also issued reports on CLS. Cormark boosted their target price on shares of Celestica from C$93.00 to C$137.00 in a research report on Thursday. UBS Group upgraded shares of Celestica to a “hold” rating in a research report on Friday, November 22nd. Barclays upgraded shares of Celestica to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, BMO Capital Markets upped their price target on shares of Celestica from C$72.00 to C$140.00 in a research report on Thursday. Two research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$96.75.

Celestica Stock Performance

Shares of TSE CLS opened at C$179.43 on Friday. The firm has a 50 day moving average of C$139.94 and a 200 day moving average of C$100.31. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 52.78. The firm has a market capitalization of C$21.28 billion, a price-to-earnings ratio of 42.52, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. Celestica has a 12-month low of C$43.97 and a 12-month high of C$194.05.

Insiders Place Their Bets

In related news, Director Robert Andrew Mionis sold 60,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of C$110.13, for a total transaction of C$6,607,522.80. Also, Director Michael M. Wilson sold 5,100 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$141.77, for a total transaction of C$723,030.57. Insiders sold a total of 94,354 shares of company stock worth $10,780,754 over the last three months. 1.00% of the stock is currently owned by company insiders.

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.