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

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS's stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$228.33 and last traded at C$225.71, with a volume of 759143 shares. The stock had previously closed at C$213.32.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CLS. Canaccord Genuity Group reduced their price target on Celestica from C$138.00 to C$126.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Argus raised Celestica to a "strong-buy" rating in a research report on Tuesday, April 29th. BNP Paribas raised Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Citigroup raised Celestica to a "hold" rating in a research report on Monday, July 21st. Finally, BMO Capital Markets reduced their price target on Celestica from C$140.00 to C$118.00 in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, Celestica presently has an average rating of "Buy" and a consensus target price of C$110.50.

Celestica Stock Performance

The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72. The firm has a 50-day moving average of C$191.78 and a 200-day moving average of C$158.90. The stock has a market capitalization of C$19.74 billion, a price-to-earnings ratio of 53.15, a P/E/G ratio of 0.14 and a beta of 2.23.

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.