Celestica (TSE:CLS) Shares Up 2% - Time to Buy?

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.

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS's stock price shot up 2% during trading on Tuesday . The stock 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.

Analysts Set New Price Targets

Several brokerages have commented on CLS. BMO Capital Markets dropped their price target on shares of Celestica from C$140.00 to C$118.00 in a research note on Monday, April 28th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Argus upgraded shares of Celestica to a "strong-buy" rating in a research note on Tuesday, April 29th. Citigroup upgraded shares of Celestica to a "hold" rating in a research note on Monday, July 21st. Finally, Canaccord Genuity Group dropped their target price on Celestica from C$138.00 to C$126.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$127.00.

Celestica Stock Up 0.6%

The stock's fifty day moving average is C$198.25 and its two-hundred day moving average is C$161.32. 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 stock has a market capitalization of C$23.69 billion, a P/E ratio of 63.79, a PEG ratio of 0.14 and a beta of 2.23.

Celestica Company Profile

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.