Celestica (TSE:CLS) Trading 4.2% Higher – What’s Next?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s stock price shot up 4.2% on Tuesday . The stock traded as high as C$482.00 and last traded at C$468.58. 265,248 shares traded hands during trading, a decline of 45% from the average session volume of 479,300 shares. The stock had previously closed at C$449.49.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CLS shares. Susquehanna upgraded Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. TD upgraded Celestica from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$350.00 to C$430.00 in a research 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 given a Buy rating to the stock. According to data from MarketBeat, Celestica presently has a consensus rating of “Strong Buy” and an average target price of C$367.50.

Celestica Trading Up 7.9%

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

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