Celestica (TSE:CLS) Hits New 12-Month High - Time to Buy?

Key Points

• Celestica's stock hit a new 52-week high, trading as high as C$581.04 intraday and last at C$568.45 on a volume of 39,307 shares.
• Multiple brokerages have upgraded CLS to buy/strong-buy—six analysts rate it Strong Buy—but the consensus average price target is C$367.50, well below the current share price.
• In its latest quarter Celestica reported C$3.00 EPS on C$5.63 billion revenue with a 6.95% net margin and 47.41% ROE, while the stock trades at a high PE of 69.09.

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS's stock price 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 changing hands. The stock had previously closed at C$569.51.

Analysts Set New Price Targets

A number of brokerages have commented on CLS. TD upgraded shares of Celestica from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$350.00 to C$430.00 in a report on Wednesday, April 29th. Wolfe Research upgraded shares of Celestica to a "strong-buy" rating in a report on Tuesday, February 17th. Susquehanna raised shares of Celestica to a "strong-buy" rating in a research report on Wednesday, April 1st. Finally, TD Securities raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 29th. Six research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Strong Buy" and an average price target of C$367.50.

Celestica Stock Up 0.1%

The company's 50-day moving average is C$431.15 and its 200 day moving average is C$428.00. The stock has a market capitalization 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 company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 36.81.

Celestica (TSE:CLS - Get Free Report) NYSE: CLS last released its earnings results on Monday, April 27th. The company reported C$3.00 earnings per share for the quarter. Celestica had a net margin of 6.95% and a return on equity of 47.41%. The company had revenue of C$5.63 billion for the quarter. As a group, analysts anticipate that Celestica Inc. will post 5.028804 EPS for the current year.

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. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.

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