New insider activity at Celestica ( (TSE:CLS) ) has taken place on February 6, 2025.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Several top executives at Celestica have recently sold significant portions of the company’s stock. CFO Mandeep Chawla, CEO Robert Mionis, and President Todd C Cooper led the transactions, collectively selling hundreds of thousands of shares worth millions of dollars. Other key figures, including CSO Alok K. Agrawal, President Jason Phillips, COO Yann L Etienvre, CLO Douglas Michael Parker, and CHRO Leila Wong, also participated in the stock sales. These transactions highlight a major shift in stock holdings among the company’s leadership.
Recent Updates on TSE:CLS stock
Recent developments in Celestica’s stock include several price target raises by analysts, driven by positive momentum in the company’s new programs, product differentiation, and strategic positioning in high-growth sectors. RBC Capital raised its price target after discussions with Celestica’s CFO highlighted strong program momentum, product differentiation with hyperscalers, and an increase in higher quality revenue, suggesting potential upside to consensus estimates and expanding margins. Stifel resumed coverage with a Buy rating, noting Celestica’s improved positioning with hyperscalers and its status as a beneficiary of AI infrastructure spending, which supports growth in its Hardware Platform Solutions business. Argus also raised its price target, recognizing the company’s portfolio diversification strategy and its focus on high-growth, high-margin businesses, particularly in AI and machine learning. These factors have led to significant stock price increases of over 10% in recent movements.
More about Celestica
YTD Price Performance: 41.81%
Average Trading Volume: 3,184,991
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $15.36B