Celestica (TSE:CLS) Hits New 12-Month High – Time to Buy?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$553.00 and last traded at C$540.98, with a volume of 221964 shares traded. The stock had previously closed at C$542.89.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Susquehanna raised shares of Celestica to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, TD Securities raised shares of Celestica to a “hold” rating in a research report on Wednesday, January 21st. Six research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy” and an average target price of C$183.00.

Celestica Stock Performance

The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.54 and a current ratio of 1.44. The firm’s 50 day simple moving average is C$404.66 and its 200 day simple moving average is C$415.31. The firm has a market capitalization of C$63.14 billion, a price-to-earnings ratio of 76.71, a PEG ratio of 0.14 and a beta of 1.03.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data on Wednesday, January 28th. The company reported C$2.59 EPS for the quarter. Celestica had a net margin of 6.72% and a return on equity of 44.13%. The business had revenue of C$5.02 billion during the quarter. Sell-side analysts forecast that Celestica Inc. will post 5.028804 earnings per share for the current fiscal year.

About Celestica

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.