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Celestica Inc . (NYSE:CLS) Chief Operations Officer Yann Etienvre has recently reported a significant transaction involving the company’s stock. According to a recent SEC filing, Etienvre sold 83,179 common shares on February 3, 2025, at an average price of $122.28 per share. This sale amounted to a total value of approximately $10.17 million. The transaction comes as Celestica (TSX:CLS), now valued at $16.7 billion, has seen its stock surge nearly 290% over the past year. According to InvestingPro, the company maintains a GREAT financial health score, with 18 additional key insights available to subscribers.
Following this transaction, Etienvre no longer holds any direct ownership of Celestica’s common shares. However, on February 4, 2025, he was granted 6,652 restricted share units (RSUs). Each RSU represents a right to receive one common share or an equivalent cash value, with vesting scheduled over a three-year period. The stock currently trades at a P/E ratio of 39.2, near its 52-week high of $144.27. Discover comprehensive valuation metrics and expert analysis in Celestica’s detailed InvestingPro Research Report, part of our coverage of 1,400+ top US stocks.
In other recent news, Celestica has been the focus of several analyst upgrades. RBC Capital Markets increased the company’s price target from $140 to $160, citing the company’s continued momentum in launching new programs and potential for earnings to surpass consensus estimates. Prior to this, RBC Capital had raised the stock target from $115 to $140 after Celestica reported strong financial results and disclosed securing two significant new programs expected to drive growth through 2026 and 2027.
BMO Capital Markets also revised Celestica’s price target to $140, up from $72, due to the company’s promising positioning in the artificial intelligence sector and potential for increased capital expenditures. Both RBC Capital and BMO Capital maintained an ’Outperform’ rating for Celestica.
In addition to these developments, Celestica announced the upcoming resignation of Laurette T. Koellner from its Board of Directors, effective January 31, 2025. The company confirmed that the departure was due to personal reasons and not related to any disagreements over operations, policies, or practices. A search for a suitable replacement is currently underway.
These recent events highlight the ongoing developments within Celestica as it continues to navigate the market and execute its strategic initiatives.
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