Celestica (TSE:CLS) Reaches New 1-Year High – Here’s What Happened

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$581.04 and last traded at C$568.45, with a volume of 39307 shares traded. The stock had previously closed at C$569.51.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CLS. Wolfe Research raised Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. TD Securities upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Susquehanna upgraded shares of Celestica to a “strong-buy” rating in a report on Wednesday, April 1st. Finally, TD upgraded shares of Celestica from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$350.00 to C$430.00 in a research note on Wednesday, April 29th. Six equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and an average price target of C$367.50.

Celestica Price Performance

The firm has a market cap of C$65.53 billion, a PE ratio of 69.09, a price-to-earnings-growth ratio of 0.14 and a beta of 1.03. The stock has a 50 day simple moving average of C$431.15 and a two-hundred day simple moving average of C$428.00. The company has a debt-to-equity ratio of 36.81, a quick ratio of 0.54 and a current ratio of 1.26.

Celestica (TSE:CLS) (NYSE:CLS) last posted its earnings results on Monday, April 27th. The company reported C$3.00 EPS for the quarter. Celestica had a return on equity of 47.41% and a net margin of 6.95%.The firm had revenue of C$5.63 billion for the quarter. Sell-side analysts expect that Celestica Inc. will post 5.028804 earnings per share 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.