In a recent transaction, Michael Wilson, a director at Celestica Inc . (NYSE:CLS), sold 25,000 common shares of the company. The sale comes as Celestica (TSX:CLS)’s stock has shown remarkable performance, delivering a 240% return over the past year and currently trading near its 52-week high of $101.72. The shares were sold at a weighted average price of $98.73, amounting to a total value of approximately $2,468,250. This sale leaves Wilson with 1,784 shares owned directly, after accounting for shares that were previously omitted from his Form 3 filing in December 2024. The transaction took place on January 6, 2025, and was reported to the SEC on January 8, 2025. According to InvestingPro analysis, Celestica currently appears overvalued based on its Fair Value calculations, with the company maintaining a GREAT financial health score. For comprehensive insider trading patterns and 15+ additional ProTips, explore Celestica’s detailed Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Celestica has seen a series of positive developments. RBC Capital Markets significantly increased their price target on Celestica stock to $115.00, forecasting a strong performance from the company in the year 2025. Stifel also raised its price target to $100, retaining a Buy rating, driven by anticipated robust growth and a rebound in industrial markets. However, UBS initiated coverage on Celestica with a Neutral rating and set a price target of $95.00, amidst expectations of strong investments in AI and a balanced risk/reward profile.
Celestica has also been the subject of several significant corporate updates, as outlined in a recent document filed with the U.S. Securities and Exchange Commission (SEC). The company has complied with the SEC requirements by submitting this report under the rules applicable to foreign private issuers. Furthermore, Celestica reported a robust third-quarter performance for 2024, leading BMO Capital Markets to raise their stock price target to $72, while maintaining an Outperform rating.
These are recent developments in Celestica’s operations and financial performance, providing investors with insights into the company’s financial performance and analyst perspectives.
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