Celestica (TSE:CLS) Sets New 12-Month High at $13.00

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) hit a new 52-week high on Tuesday . The company traded as high as C$13.00 and last traded at C$12.48, with a volume of 470939 shares trading hands. The stock had previously closed at C$11.67.

A number of brokerages recently weighed in on CLS. Royal Bank of Canada raised their price objective on Celestica from C$12.50 to C$14.00 and gave the company a “sector perform” rating in a research report on Thursday, September 23rd. CIBC increased their price target on Celestica from C$12.50 to C$14.50 and gave the company a “neutral” rating in a research note on Thursday, September 23rd. Finally, TD Securities increased their price target on Celestica to C$14.00 and gave the company a “hold” rating in a research note on Wednesday.

The stock has a market capitalization of C$1.51 billion and a PE ratio of 14.42. The company has a quick ratio of 0.94, a current ratio of 1.72 and a debt-to-equity ratio of 39.69. The firm has a 50 day moving average price of C$11.38 and a 200-day moving average price of C$10.60.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data on Monday, July 26th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.31 by C$0.06. The firm had revenue of C$1.75 billion during the quarter, compared to analysts’ expectations of C$1.70 billion. Equities analysts expect that Celestica Inc. will post 1.7400001 earnings per share for the current fiscal year.

About Celestica (TSE:CLS)

Celestica Inc provides hardware platform and 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, engineering, supply chain management, new product introduction, 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.

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