Celestica (TSE:CLS) Reaches New 12-Month High - Here's Why

Key Points

• Celestica's stock price reached a new 52-week high of C$301.19, trading last at C$281.15 with a volume of 854,444 shares.
• Analysts have mixed ratings on Celestica, with a consensus rating of "Buy" and an average target price of C$127.00, despite BMO Capital Markets lowering its price target significantly to C$118.00.
• The company has a market capitalization of C$23.79 billion and operates through two main segments offering a wide range of supply chain solutions across various geographies.

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS's stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$301.19 and last traded at C$281.15, with a volume of 854444 shares. The stock had previously closed at C$294.26.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Celestica from C$140.00 to C$118.00 in a research report on Monday, April 28th. Canaccord Genuity Group dropped their price objective on shares of Celestica from C$138.00 to C$126.00 and set a "buy" rating for the company in a report on Monday, April 28th. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Citigroup raised shares of Celestica to a "hold" rating in a report on Monday, July 21st. Finally, Argus raised shares of Celestica to a "strong-buy" rating in a report on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, Celestica presently has a consensus rating of "Buy" and an average target price of C$127.00.

Celestica Stock Down 4.4%

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's 50 day simple moving average is C$218.85 and its 200-day simple moving average is C$168.45. The stock has a market capitalization of C$23.79 billion, a price-to-earnings ratio of 64.07, a price-to-earnings-growth 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.

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