Celestica (NYSE:CLS) Receives Outperform Rating from Royal Bank of Canada

Celestica (NYSE:CLS) (TSE:CLS)‘s stock had its “outperform” rating reiterated by Royal Bank of Canada in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $120.00 price target on the technology company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 35.23% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. CIBC dropped their price objective on shares of Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. raised their price target on Celestica from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday. 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, January 28th. Stifel Nicolaus upped their price objective on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.09.

Celestica Trading Down 0.4 %

Shares of CLS stock traded down $0.31 during trading hours on Monday, hitting $88.74. 1,343,772 shares of the company were exchanged, compared to its average volume of 3,120,686. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a market cap of $10.29 billion, a PE ratio of 23.54 and a beta of 2.09. The firm has a fifty day moving average of $89.22 and a 200 day moving average of $92.50. Celestica has a 1 year low of $40.25 and a 1 year high of $144.27.

Insider Buying and Selling at Celestica

In related news, President Todd C. Cooper sold 9,538 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,216,476.52. Following the transaction, the president now directly owns 175,426 shares of the company’s stock, valued at approximately $22,373,832.04. The trade was a 5.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Yann L. Etienvre sold 9,181 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,170,944.74. Following the sale, the insider now owns 83,179 shares in the company, valued at approximately $10,608,649.66. This represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 934,381 shares of company stock worth $116,673,769 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CLS. Peregrine Capital Management LLC bought a new stake in Celestica in the 4th quarter worth approximately $30,000. Rothschild Investment LLC bought a new stake in shares of Celestica in the first quarter valued at about $26,000. Pinpoint Asset Management Ltd lifted its stake in shares of Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock worth $32,000 after purchasing an additional 182 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of Celestica during the 1st quarter valued at $29,000. Finally, Center for Financial Planning Inc. acquired a new position in Celestica during the 1st quarter valued at approximately $30,000. 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.