Celestica (TSE:CLS) Sets New 52-Week High – Here’s What Happened

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s stock price reached a new 52-week high during mid-day 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.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CLS shares. TD raised Celestica from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$350.00 to C$430.00 in a report on Wednesday, April 29th. Wolfe Research raised Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Susquehanna raised Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, TD Securities raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Six investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and a consensus target price of C$367.50.

Celestica Stock Performance

The stock has a 50 day moving average price of C$487.14 and a two-hundred day moving average price of C$438.88. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 36.81. The company has a market cap of C$67.63 billion, a price-to-earnings ratio of 71.30, a P/E/G ratio of 0.14 and a beta of 1.19.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings results on Monday, April 27th. The company reported C$3.00 earnings per share for the quarter. The company had revenue of C$5.63 billion for the quarter. Celestica had a return on equity of 47.41% and a net margin of 6.95%. 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.