Celestica (TSE:CLS) Trading 2% Higher - What's Next?

Key Points

• Celestica Inc. (TSE:CLS) shares rose 2% to C$238.07 as of Tuesday, with a trading volume decline of 18% from its average daily volume.
• Recent analyst reports show mixed sentiments, with Canaccord Genuity cutting its target price to C$126 while others like BNP Paribas and Argus upgraded the stock to "strong-buy".
• Celestica has a market capitalization of C$20.14 billion and a consensus rating of "Buy" with a target price averaging C$127.00.

Shares of Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS traded up 2% on Tuesday . The company traded as high as C$238.45 and last traded at C$238.07. 776,578 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 949,458 shares. The stock had previously closed at C$233.29.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. BMO Capital Markets cut their target price on shares of Celestica from C$140.00 to C$118.00 in a report on Monday, April 28th. BNP Paribas raised Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Canaccord Genuity Group lowered their price target on Celestica from C$138.00 to C$126.00 and set a "buy" rating for the company in a report on Monday, April 28th. Citigroup raised Celestica to a "hold" rating in a report on Monday, July 21st. Finally, Argus upgraded Celestica to a "strong-buy" rating in a research 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's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$127.00.

Celestica Price Performance

The company has a 50-day moving average of C$202.60 and a 200 day moving average of C$163.07. The stock 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 company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72.

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.