Celestica Inc. Director Sells Shares: A Look at Recent Transactions

On February 5th, Alok K. Agrawal, a director at Celestica Inc. (TSE: CLS, NYSE: CLS), sold 6,826 shares of the company's stock. This transaction took place at an average price of C$191.50 per share, resulting in a total value of approximately C$1,307,181.11.

In addition to this recent sale, Agrawal has made a couple of other notable transactions. On January 31st, he sold 1,763 shares at an average price of C$183.66, amounting to C$323,800.28. Furthermore, on December 2nd, he sold 1,550 shares for an average price of C$119.54, totaling C$185,293.91.

Current Stock Performance of Celestica

As of mid-day trading on Thursday, Celestica's stock fell by C$19.16, bringing the price down to C$186.46. The trading volume for this period was 639,976 shares, which is lower than its average volume of 883,858 shares. The company's fifty-day moving average currently stands at C$145.06, while its two-hundred-day moving average is C$103.41.

Celestica's financial ratios indicate a debt-to-equity ratio of 52.78, a quick ratio of 0.54, and a current ratio of 1.47. Over the past twelve months, the company's stock has experienced a low of C$48.63 and a high of C$206.57. The market capitalization for Celestica Inc. is now C$22.11 billion, with a P/E ratio of 44.18, a PEG ratio of 0.14, and a beta value of 2.23.

Analyst Ratings Update

Recently, several research analysts have adjusted their recommendations for Celestica's shares. On January 30th, BMO Capital Markets increased their price target on Celestica stock from C$72.00 to C$140.00. On the same day, Cibc World Mkts upgraded their rating from "hold" to "strong-buy." Additionally, Barclays provided a "strong-buy" rating for Celestica in a report on November 5th. UBS Group also changed their rating to "hold" as of November 22nd. Cormark updated their price objective from C$93.00 to C$137.00 earlier this year. Altogether, two analysts rated the stock as a "hold," one as a "buy," and two as "strong-buy," culminating in an average "Buy" rating with a consensus target price of C$96.75 according to MarketBeat.

About Celestica Inc.

Celestica Inc. specializes in providing supply chain solutions across North America, Europe, and Asia. The company operates in two main segments: Advanced Technology Solutions and Connectivity & Cloud Solutions. It offers various manufacturing and supply chain services, including design and development, electronics manufacturing, testing, and logistics, among others.

Conclusion

The recent insider selling by Alok K. Agrawal at Celestica Inc. highlights active management participation in the company's stock sales. As analysts continue to revise their ratings, investors are encouraged to stay informed about the evolving performance metrics of Celestica Inc.

Celestica, Stocks, Insider, Transaction, Performance