Celestica (TSE:CLS) Reaches New 12-Month High – What’s Next?

Celestica Inc. (TSE:CLS) (NYSE:CLS) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$649.83 and last traded at C$588.24, with a volume of 567403 shares traded. The stock had previously closed at C$533.01.

Analyst Ratings Changes

Several research analysts have commented on CLS shares. Wolfe Research raised Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. TD raised Celestica from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$350.00 to C$430.00 in a research report on Wednesday, April 29th. TD Securities raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Susquehanna raised Celestica to a “strong-buy” rating in a research report on Wednesday, April 1st. Six analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy” and an average target price of C$367.50.

Celestica Stock Down 2.6%

The business has a 50-day simple moving average of C$497.66 and a two-hundred day simple moving average of C$441.76. The company has a debt-to-equity ratio of 36.81, a quick ratio of 0.54 and a current ratio of 1.26. The company has a market capitalization of C$73.13 billion, a price-to-earnings ratio of 77.10, a PEG ratio of 0.14 and a beta of 1.19.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The company reported C$3.00 earnings per share for the quarter. Celestica had a return on equity of 47.41% and a net margin of 6.95%.The company had revenue of C$5.63 billion during the quarter. As a group, equities analysts predict that Celestica Inc. will post 5.028804 EPS for the current year.

Celestica Company Profile

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.