Celestica (TSE:CLS) Reaches New 52-Week High - Still a Buy?

Key Points

• Shares of Celestica Inc. hit a new 52-week high, trading at C$368.81 during recent trading sessions, reflecting strong market activity.
• Analyst ratings show a mix, with four strong buys and three holds, resulting in an average rating of "Buy" and a target price of C$127.00.
• The company has a market cap of C$42.98 billion and a notable P/E ratio of 81.40, indicating high expectations for its earnings growth.

Shares of Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS hit a new 52-week high during trading on Wednesday . The company traded as high as C$368.81 and last traded at C$368.52, with a volume of 213020 shares trading hands. The stock had previously closed at C$348.21.

Analyst Upgrades and Downgrades

CLS has been the topic of several recent analyst reports. TD Securities upgraded shares of Celestica to a "hold" rating in a research note on Friday, October 3rd. Citigroup upgraded shares of Celestica to a "hold" rating in a research report on Monday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$127.00.

Celestica Stock Performance

The firm has a market cap of C$42.98 billion, a P/E ratio of 81.40, a price-to-earnings-growth ratio of 0.14 and a beta of 1.52. 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 business's fifty day simple moving average is C$313.33 and its 200-day simple moving average is C$219.62.

Celestica Company Profile

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.

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