Celestica (TSE:CLS) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$128.00 and traded as low as C$108.70. Celestica shares last traded at C$116.36, with a volume of 846,800 shares traded.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CLS shares. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. BMO Capital Markets increased their price target on Celestica from C$72.00 to C$140.00 in a research note on Thursday, January 30th. Finally, Cormark lifted their price objective on shares of Celestica from C$93.00 to C$137.00 in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$96.75.

Celestica Stock Up 4.2 %

The company has a market cap of C$9.84 billion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 0.14 and a beta of 2.23. 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 firm has a 50-day moving average price of C$133.48 and a 200 day moving average price of C$128.00.

Insider Buying and Selling at Celestica

In other Celestica news, Director Alok K. Agrawal sold 1,763 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of C$183.66, for a total value of C$323,800.28. Also, Senior Officer Todd Christopher Cooper sold 1,772 shares of the stock in a transaction that occurred on 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 valued at $22,553,289 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

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.