New insider activity at Celestica ( (TSE:CLS) ) has taken place on February 7, 2025.
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President & CEO Robert Mionis has recently sold 75,000 shares of Celestica stock, amounting to a substantial $10,597,088. This transaction highlights significant activity in Celestica’s stock by its top executive.
Recent Updates on TSE:CLS stock
Celestica’s stock has seen significant upward movement recently, largely driven by positive developments and analyst actions. RBC Capital raised its price target for Celestica citing strong new program momentum, product differentiation, expanding margins, and an increasing mix of higher-quality revenue after discussions with the company’s CFO. Stifel resumed coverage with a ‘Buy’ rating, highlighting Celestica’s potential growth in its Hardware Platform Solutions business and its benefits from AI infrastructure spending. Argus also increased its price target, attributing it to Celestica’s portfolio diversification strategy and growth in high-margin businesses. Additionally, Celestica reported strong Q4 and full-year 2024 financial results, including a 21% revenue growth and a 58% increase in adjusted EPS, with notable customer wins contributing to its positive outlook for 2025.
More about Celestica
YTD Price Performance: 54.37%
Average Trading Volume: 3,271,406
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $16.67B