Celestica (TSE:CLS) Cut to “Neutral” at CIBC

CIBC downgraded shares of Celestica (TSE:CLS) (NYSE:CLS) from an outperform rating to a neutral rating in a research note released on Friday, BayStreet.CA reports. CIBC currently has C$49.00 price target on the stock, up from their prior price target of C$41.00.

Celestica Trading Up 0.4 %

Celestica stock opened at C$59.36 on Friday. The stock has a 50-day moving average of C$60.55 and a two-hundred day moving average of C$46.58. The company has a debt-to-equity ratio of 44.26, a quick ratio of 0.54 and a current ratio of 1.40. Celestica has a one year low of C$14.31 and a one year high of C$68.91. The stock has a market cap of C$7.08 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 0.14 and a beta of 2.35.

Celestica (TSE:CLS) (NYSE:CLS) last issued its quarterly earnings data on Monday, January 29th. The company reported C$1.04 EPS for the quarter, beating the consensus estimate of C$0.92 by C$0.12. Celestica had a return on equity of 14.19% and a net margin of 3.07%. The company had revenue of C$2.91 billion for the quarter, compared to analyst estimates of C$2.82 billion. On average, research analysts anticipate that Celestica will post 3.9819121 EPS for the current fiscal year.

Insider Buying and Selling at Celestica

In other Celestica news, Senior Officer Yann Louis Etienvre sold 9,036 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of C$36.64, for a total value of C$331,101.63. In other news, Director Alok K. Agrawal purchased 19,657 shares of the stock in a transaction dated Friday, February 2nd. The shares were purchased at an average cost of C$35.88 per share, with a total value of C$705,293.16. Also, Senior Officer Yann Louis Etienvre sold 9,036 shares of Celestica stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of C$36.64, for a total value of C$331,101.63. Over the last three months, insiders have sold 428,759 shares of company stock valued at $20,884,473. Company insiders own 0.99% 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.