Celestica (TSE:CLS) Hits New 1-Year High Following Analyst Upgrade

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price reached a new 52-week high on Friday after Cibc World Mkts upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as C$194.05 and last traded at C$179.43, with a volume of 1888078 shares. The stock had previously closed at C$165.78.

Other equities analysts also recently issued research reports about the stock. UBS Group raised shares of Celestica to a “hold” rating in a research note on Friday, November 22nd. BMO Capital Markets lifted their price objective on Celestica from C$72.00 to C$140.00 in a research note on Thursday. Barclays upgraded shares of Celestica to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Cormark raised their target price on shares of Celestica from C$93.00 to C$137.00 in a research note on Thursday. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$96.75.

Insider Activity at Celestica

In other news, Director Robert Andrew Mionis sold 60,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of C$110.13, for a total value of C$6,607,522.80. Also, Director Alok K. Agrawal sold 1,550 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of C$119.54, for a total value of C$185,293.91. Insiders have sold a total of 94,354 shares of company stock worth $10,780,754 in the last ninety days. 1.00% of the stock is owned by insiders.

Celestica Price Performance

The company has a debt-to-equity ratio of 52.78, a quick ratio of 0.54 and a current ratio of 1.47. The stock has a market cap of C$21.28 billion, a PE ratio of 42.52, a PEG ratio of 0.14 and a beta of 2.23. The stock has a 50 day moving average of C$140.97 and a two-hundred day moving average of C$101.14.

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.