Barclays Increases Celestica (NYSE:CLS) Price Target to $139.00

Celestica (NYSE:CLS) (TSE:CLS) had its target price increased by Barclays from $91.00 to $139.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group boosted their target price on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. TD Securities upped their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday. Stifel Nicolaus lifted their target price on shares of Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. BMO Capital Markets boosted their price target on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, TD Cowen lifted their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $89.18.

Celestica Stock Up 13.5 %

Shares of NYSE:CLS opened at $114.11 on Thursday. The firm has a market capitalization of $13.28 billion, a P/E ratio of 36.22 and a beta of 2.25. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The stock has a 50 day moving average price of $97.80 and a 200-day moving average price of $71.75. Celestica has a 52-week low of $32.80 and a 52-week high of $131.23.

Insiders Place Their Bets

In related news, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction 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 owns 1,784 shares in the company, valued at approximately $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Celestica

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. purchased a new position in Celestica during the third quarter valued at $61,210,000. Whale Rock Capital Management LLC grew its stake in shares of Celestica by 13.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock valued at $432,846,000 after acquiring an additional 975,163 shares during the period. Point72 Asset Management L.P. increased its holdings in Celestica by 38.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after acquiring an additional 301,563 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Celestica by 1,697.3% during the third quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock valued at $11,936,000 after purchasing an additional 220,494 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd boosted its position in shares of Celestica by 53.8% in the third quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock worth $26,799,000 after purchasing an additional 183,300 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

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.