Celestica (TSE:CLS) Shares Up 6.5% – Still a Buy?

Celestica Inc. (TSE:CLS) (NYSE:CLS) shot up 6.5% on Friday . The stock traded as high as C$516.50 and last traded at C$515.00. 77,328 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 513,699 shares. The stock had previously closed at C$483.79.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CLS. TD Securities raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Susquehanna raised Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. TD raised Celestica from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$350.00 to C$430.00 in a research note on Wednesday, April 29th. Finally, Wolfe Research raised Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Six research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy” and an average target price of C$367.50.

Celestica Stock Up 10.0%

The firm has a market capitalization of C$61.17 billion, a price-to-earnings ratio of 64.49, a price-to-earnings-growth ratio of 0.14 and a beta of 1.19. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 36.81. The firm has a 50 day moving average price of C$480.06 and a two-hundred day moving average price of C$437.66.

Celestica (TSE:CLS) (NYSE:CLS) last announced its earnings results on Monday, April 27th. The company reported C$3.00 EPS for the quarter. The business had revenue of C$5.63 billion for the quarter. Celestica had a return on equity of 47.41% and a net margin of 6.95%. On average, equities analysts expect that Celestica Inc. will post 5.028804 earnings per share for the current fiscal year.

Celestica Company Profile

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.