Celestica (TSE:CLS) Sets New 12-Month High - What's Next?

Key Points

• Celestica Inc. shares reached a new 52-week high of C$354.79 during trading, closing at C$347.38 with a trading volume of 479,144 shares.
• Equities research analysts have recently upgraded their ratings for Celestica, with BNP Paribas issuing a "strong-buy" rating and a consensus rating of "Buy" based on multiple analysts' reviews.
• The company has a market capitalization of C$40.06 billion and shows strong performance metrics, including a PEG ratio of 0.14 and a price-to-earnings ratio of 75.86.

Shares of Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS hit a new 52-week high on Tuesday . The stock traded as high as C$354.79 and last traded at C$347.38, with a volume of 479144 shares traded. The stock had previously closed at C$342.85.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CLS. Citigroup raised Celestica to a "hold" rating in a report on Monday, July 21st. BNP Paribas raised Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Four research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$127.00.

Celestica Stock Up 0.7%

The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.54 and a current ratio of 1.47. The firm's fifty day moving average is C$278.55 and its 200-day moving average is C$194.13. The company has a market capitalization of C$40.24 billion, a P/E ratio of 76.22, a price-to-earnings-growth ratio of 0.14 and a beta of 1.65.

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.