Celestica (TSE:CLS) Upgraded by Cibc World Mkts to “Strong-Buy” Rating

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by stock analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

CLS has been the topic of a number of other reports. UBS Group upgraded shares of Celestica to a “hold” rating in a research note on Friday, November 22nd. Cormark upped their price target on shares of Celestica from C$93.00 to C$137.00 in a report on Thursday. Barclays raised shares of Celestica to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets upped their target price on Celestica from C$72.00 to C$140.00 in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Celestica currently has a consensus rating of “Buy” and a consensus target price of C$96.75.

Celestica Stock Performance

TSE CLS opened at C$179.43 on Friday. Celestica has a 52-week low of C$43.97 and a 52-week high of C$194.05. The company has a 50-day simple moving average of C$139.94 and a 200 day simple moving average of C$100.31. The company has a market capitalization of C$21.28 billion, a PE ratio of 42.52, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The company has a debt-to-equity ratio of 52.78, a quick ratio of 0.54 and a current ratio of 1.47.

Insider Activity at Celestica

In other news, Director Robert Andrew Mionis sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of C$110.13, for a total value of C$6,607,522.80. Also, Director Alok K. Agrawal sold 1,550 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$119.54, for a total value of C$185,293.91. Insiders have sold a total of 94,354 shares of company stock worth $10,780,754 over the last quarter. Corporate insiders own 1.00% 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.