Celestica (TSE:CLS) Shares Up 4.2% – Should You Buy?

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

Analyst Ratings Changes

Several research analysts have commented on CLS shares. Susquehanna raised Celestica to a “strong-buy” rating in a research report on Wednesday, April 1st. TD upgraded Celestica from a “hold” rating to a “buy” rating and upped their price target for the stock from C$350.00 to C$430.00 in a report on Wednesday, April 29th. Finally, TD Securities raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Five research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus price target of C$367.50.

Celestica Price Performance

The company has a current ratio of 1.23, a quick ratio of 0.54 and a debt-to-equity ratio of 39.57. The stock has a market cap of C$56.12 billion, a PE ratio of 59.17, a P/E/G ratio of 0.14 and a beta of 1.64. The company’s 50 day moving average is C$507.65 and its 200-day moving average is C$461.40.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The company reported C$3.61 earnings per share for the quarter. The company had revenue of C$6.68 billion during the quarter. Celestica had a net margin of 7.15% and a return on equity of 50.28%. As a group, sell-side analysts predict that Celestica Inc. will post 5.028804 earnings per share for the current year.

About Celestica

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.