Celestica (TSE:CLS) Reaches New 12-Month High - Still a Buy?

Shares of Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS hit a new 52-week high during trading on Tuesday . The stock traded as high as C$226.81 and last traded at C$220.71, with a volume of 156459 shares changing hands. The stock had previously closed at C$222.13.

Analysts Set New Price Targets

CLS has been the subject of several recent research reports. Canaccord Genuity Group decreased their price target on shares of Celestica from C$138.00 to C$126.00 and set a "buy" rating for the company in a research report on Monday, April 28th. BMO Capital Markets decreased their price target on shares of Celestica from C$140.00 to C$118.00 in a research report on Monday, April 28th. Argus raised shares of Celestica to a "strong-buy" rating in a research report on Tuesday, April 29th. Finally, BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$110.50.

Celestica Trading Down 1.8%

The firm has a market capitalization of C$18.59 billion, a PE ratio of 50.08, a PEG ratio of 0.14 and a beta of 2.23. The company's 50-day moving average price is C$182.85 and its 200-day moving average price is C$155.31. The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.54 and a current ratio of 1.47.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.