Stock market today: S&P 500 hits fresh record close on stronger economic growth
Celestica Inc . (NYSE:CLS) CEO Robert Mionis recently sold 441,325 common shares, totaling approximately $53.97 million, at a price of $122.28 per share. Following this transaction, Mionis retains ownership of 531,417 shares. The sale comes as Celestica (TSX:CLS)’s stock trades near its 52-week high of $144.27, having delivered an impressive 289% return over the past year. According to InvestingPro analysis, the company maintains a GREAT financial health score of 3.2/5. In a separate transaction, Mionis acquired 36,400 restricted share units on February 4, 2025, which will vest over a three-year period. Each unit represents the right to receive one common share or an equivalent cash value. With a current market capitalization of $16.7 billion and a P/E ratio of 39.2, investors seeking deeper insights can access comprehensive valuation metrics and 18 additional ProTips through InvestingPro’s detailed research reports.
In other recent news, Celestica has been the focus of several analyst upgrades. RBC Capital Markets raised its price target for Celestica from $140 to $160, citing a positive business trajectory and potential for earnings to surpass consensus estimates. This followed a prior increase from $115 to $140 after the company reported strong financial results and optimistic forecasts.
BMO Capital Markets also revised its price target for Celestica to $140, highlighting the company’s growing capabilities in the artificial intelligence (AI) sector and potential for increased capital expenditures related to AI. Earlier, RBC Capital Markets had increased their price target on Celestica to $115, anticipating strong performance from the company.
In other developments, Celestica announced the resignation of Laurette T. Koellner from its Board of Directors, effective January 31, 2025, due to personal reasons. The company has begun the process of finding a suitable replacement. These recent developments underline the dynamic and evolving landscape for Celestica.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.