Celestica (TSE:CLS) Sets New 12-Month High – Should You Buy?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$123.99 and last traded at C$119.98, with a volume of 452289 shares traded. The stock had previously closed at C$121.18.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CLS. Barclays upgraded Celestica to a “strong-buy” rating in a report on Tuesday, November 5th. TD Securities raised their price objective on Celestica from C$55.00 to C$61.00 and gave the stock a “buy” rating in a report on Friday, July 26th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Celestica presently has a consensus rating of “Buy” and a consensus price target of C$44.00.

Celestica Trading Down 2.6 %

The firm has a market capitalization of C$14.77 billion, a PE ratio of 30.30, a P/E/G ratio of 0.14 and a beta of 2.23. 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 firm has a fifty day moving average of C$87.00 and a 200 day moving average of C$77.63.

Insider Activity at Celestica

In other news, Director Robert Andrew Mionis sold 150,000 shares of Celestica stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of C$96.83, for a total value of C$14,524,318.50. Also, Director Leila Wong sold 600 shares of Celestica stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of C$97.68, for a total value of C$58,605.18. In the last ninety days, insiders have sold 228,600 shares of company stock worth $23,295,294. 1.00% of the stock is currently owned by company insiders.

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.