Canaccord Genuity Group Has Lowered Expectations for Celestica (TSE:CLS) Stock Price

Celestica (TSE:CLS) (NYSE:CLS) had its target price lowered by analysts at Canaccord Genuity Group from C$138.00 to C$126.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 4.58% from the company’s previous close.

Several other equities analysts have also commented on the stock. Cormark increased their target price on shares of Celestica from C$93.00 to C$137.00 in a report on Thursday, January 30th. BMO Capital Markets reduced their price target on Celestica from C$140.00 to C$118.00 in a research report on Monday. Finally, Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$110.50.

Celestica Stock Performance

TSE:CLS opened at C$120.48 on Monday. Celestica has a 1-year low of C$55.10 and a 1-year high of C$206.57. The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54. The business has a 50 day moving average of C$124.38 and a 200 day moving average of C$130.86. The company has a market capitalization of C$10.19 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 0.14 and a beta of 2.23.

Insider Activity at Celestica

In other news, Director Alok K. Agrawal sold 1,763 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of C$183.66, for a total transaction of C$323,800.28. Also, Senior Officer Todd Christopher Cooper sold 1,772 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of C$189.53, for a total transaction of C$335,851.06. Insiders have sold a total of 127,614 shares of company stock worth $22,553,289 over the last quarter. Corporate insiders own 1.00% 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.