Celestica (TSE:CLS) Reaches New 52-Week High - Should You Buy?

Key Points

• Celestica Inc. shares hit a new 52-week high, trading at C$296.00 before settling at C$278.39, indicating strong market interest with a trading volume of 833,488 shares.
• Analysts have variable ratings on Celestica, with several upgrades resulting in an average rating of "Buy" and a consensus target price of C$127.00.
• The company operates in supply chain solutions across North America, Europe, and Asia, with significant services in electronics manufacturing and product development.

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS shares hit a new 52-week high on Wednesday . The stock traded as high as C$296.00 and last traded at C$278.39, with a volume of 833488 shares trading hands. The stock had previously closed at C$278.36.

Wall Street Analysts Forecast Growth

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

Celestica Trading Down 2.9%

The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54. The firm has a market capitalization of C$22.75 billion, a PE ratio of 61.26, a PEG ratio of 0.14 and a beta of 2.23. The firm's fifty day moving average is C$202.60 and its two-hundred day moving average is C$163.13.

About Celestica

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.