Celestica (TSE:CLS) Stock Price Up 4.2% – Here’s Why

Celestica Inc. (TSE:CLSGet Free Report) (NYSE:CLS) traded up 4.2% during mid-day trading on Tuesday . The stock traded as high as C$482.00 and last traded at C$468.58. 265,248 shares were traded during trading, a decline of 45% from the average session volume of 479,300 shares. The stock had previously closed at C$449.49.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. TD Securities raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. TD raised shares of Celestica from a “hold” rating to a “buy” rating and upped their target price for the company from C$350.00 to C$430.00 in a report on Wednesday, April 29th. Finally, Susquehanna upgraded shares of Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. Five equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and an average price target of C$367.50.

Check Out Our Latest Research Report on Celestica

Celestica Stock Performance

The stock has a market capitalization of C$55.76 billion, a P/E ratio of 58.79, a PEG ratio of 0.14 and a beta of 1.64. The stock’s 50-day simple moving average is C$507.40 and its 200 day simple moving average is C$460.49. The company has a debt-to-equity ratio of 36.81, a current ratio of 1.26 and a quick ratio of 0.54.

Celestica (TSE:CLSGet Free Report) (NYSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The company reported C$3.61 earnings per share for the quarter. Celestica had a net margin of 6.95% and a return on equity of 47.41%. The company had revenue of C$6.68 billion for the quarter. Research analysts expect that Celestica Inc. will post 5.028804 EPS for the current fiscal year.

Celestica Company Profile

(Get Free Report)

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.

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