Celestica (TSE:CLS) Shares Down 1.8% – Here’s What Happened

Celestica Inc. (TSE:CLS) (NYSE:CLS) shares traded down 1.8% during mid-day trading on Thursday . The company traded as low as C$183.59 and last traded at C$183.94. 45,951 shares changed hands during trading, a decline of 95% from the average session volume of 846,739 shares. The stock had previously closed at C$187.31.

Analyst Ratings Changes

CLS has been the topic of a number of research reports. BMO Capital Markets lifted their price target on shares of Celestica from C$72.00 to C$140.00 in a report on Thursday, January 30th. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. UBS Group raised shares of Celestica to a “hold” rating in a report on Friday, November 22nd. Cormark increased their target price on Celestica from C$93.00 to C$137.00 in a research note on Thursday, January 30th. Finally, Barclays upgraded shares of Celestica to a “strong-buy” rating in a report on Tuesday, November 5th. Two equities 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 stock. According to MarketBeat.com, Celestica currently has a consensus rating of “Buy” and an average price target of C$96.75.

Celestica Trading Down 4.2 %

The company has a 50 day moving average of C$158.95 and a two-hundred day moving average of C$111.85. The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.54 and a current ratio of 1.47. The stock has a market cap of C$14.36 billion, a PE ratio of 38.67, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.

Insider Activity at Celestica

In other news, Senior Officer Todd Christopher Cooper sold 1,772 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of C$189.53, for a total transaction of C$335,851.06. Also, Senior Officer Mandeep Chawla sold 9,704 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 transaction of C$1,160,059.44. Insiders have sold a total of 143,968 shares of company stock worth $24,621,673 in the last three months. 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.