Celestica (TSE:CLS) Sets New 12-Month Low – Should You Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$138.66, with a volume of 1029432 shares changing hands. The stock had previously closed at C$154.49.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CLS shares. BMO Capital Markets lifted their target price on Celestica from C$72.00 to C$140.00 in a research report on Thursday, January 30th. UBS Group upgraded shares of Celestica to a “hold” rating in a research report on Friday, November 22nd. Cormark upped their target price on Celestica from C$93.00 to C$137.00 in a report on Thursday, January 30th. Barclays raised Celestica to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$96.75.

Celestica Price Performance

The firm has a 50 day moving average price of C$160.87 and a two-hundred day moving average price of C$115.57. 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 company has a market cap of C$11.38 billion, a P/E ratio of 30.64, a P/E/G ratio of 0.14 and a beta of 2.23.

Insider Transactions at Celestica

In other news, Senior Officer Mandeep Chawla sold 87,341 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of C$174.86, for a total value of C$15,272,532.16. Also, 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. In the last ninety days, insiders sold 132,714 shares of company stock worth $23,276,319. 1.00% of the stock is currently owned by insiders.

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.