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

Celestica logo with Computer and Technology background

Shares of Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$223.13 and last traded at C$222.64, with a volume of 528908 shares trading hands. The stock had previously closed at C$213.08.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CLS. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Canaccord Genuity Group decreased their price objective on shares of Celestica from C$138.00 to C$126.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Argus upgraded shares of Celestica to a "strong-buy" rating in a research report on Tuesday, April 29th. Finally, BMO Capital Markets decreased their price objective on shares of Celestica from C$140.00 to C$118.00 in a research report on Monday, April 28th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Celestica has an average rating of "Buy" and a consensus price target of C$110.50.

View Our Latest Analysis on CLS

Celestica Price Performance

The business's 50 day moving average price is C$169.93 and its two-hundred day moving average price is C$151.45. The stock has a market cap of C$18.64 billion, a P/E ratio of 50.20, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72.

About Celestica

(Get Free Report)

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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