Celestica (TSE:CLS) Hits New 52-Week High - What's Next?

Key Points

• Celestica hit a new 52-week high, trading as high as C$539.75 and last at C$533.01 on volume of 386,493 shares, up from a prior close of C$505.12.
• Several analysts have recently upgraded the stock and the consensus rating is a "Strong Buy", but the reported consensus price target of C$183.00 is far below the current share price, suggesting the price-target data may be outdated or anomalous.
• The company has a market cap of C$61.2 billion with a trailing PE of 74.34, reported quarterly EPS of C$2.59 and revenue of C$5.02 billion, indicating strong profitability (ROE 44.13%) alongside a relatively high valuation.

Shares of Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS reached a new 52-week high on Tuesday . The company traded as high as C$539.75 and last traded at C$533.01, with a volume of 386493 shares traded. The stock had previously closed at C$505.12.

Analysts Set New Price Targets

CLS has been the topic of a number of recent analyst reports. TD Securities upgraded Celestica to a "hold" rating in a research note on Wednesday, January 21st. Wolfe Research upgraded Celestica to a "strong-buy" rating in a research note on Tuesday, February 17th. Finally, Susquehanna upgraded Celestica to a "strong-buy" rating in a research note on Wednesday, April 1st. Six equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Strong Buy" and a consensus price target of C$183.00.

Celestica Stock Performance

The stock has a market cap of C$61.20 billion, a PE ratio of 74.34, a price-to-earnings-growth ratio of 0.14 and a beta of 1.03. The company has a quick ratio of 0.54, a current ratio of 1.44 and a debt-to-equity ratio of 35.04. The firm has a 50 day moving average price of C$394.27 and a 200 day moving average price of C$410.06.

Celestica (TSE:CLS - Get Free Report) NYSE: CLS last announced its quarterly earnings results on Wednesday, January 28th. The company reported C$2.59 EPS for the quarter. The firm had revenue of C$5.02 billion for the quarter. Celestica had a return on equity of 44.13% and a net margin of 6.72%. As a group, research analysts forecast that Celestica Inc. will post 5.028804 earnings per share 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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