Celestica (TSE:CLS) Hits New 1-Year High - Here's What Happened

Key Points

• Celestica Inc. (TSE:CLS) reached a new 52-week high of C$363.29 during trading, closing at C$362.74 with a volume of 497,864 shares.
• Analyst ratings for Celestica are generally positive, with four analysts giving a Strong Buy rating and a target price averaging C$127.00.
• The company has a market capitalization of C$41.93 billion and operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS).

Shares of Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$363.29 and last traded at C$362.74, with a volume of 497864 shares changing hands. The stock had previously closed at C$355.75.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CLS shares. Citigroup raised shares of Celestica to a "hold" rating in a report on Monday, July 21st. TD Securities upgraded shares of Celestica to a "hold" rating in a research report on Friday, October 3rd. Finally, BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$127.00.

Celestica Stock Up 2.5%

The company's fifty day simple moving average is C$308.87 and its 200 day simple moving average is C$214.46. The firm has a market capitalization of C$41.93 billion, a P/E ratio of 79.41, a price-to-earnings-growth ratio of 0.14 and a beta of 1.52. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72.

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.

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