Celestica (TSE:CLS) Reaches New 1-Year High – Still a Buy?

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

Analyst Ratings Changes

CLS has been the subject of several recent analyst reports. Barclays upgraded shares of Celestica to a “strong-buy” rating in a research report on Tuesday, November 5th. TD Securities upped their price target on Celestica from C$55.00 to C$61.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Celestica currently has a consensus rating of “Buy” and a consensus target price of C$44.00.

Celestica Stock Performance

The stock has a fifty day moving average of C$84.36 and a 200-day moving average of C$76.85. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 52.78. The stock has a market capitalization of C$14.32 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.

Insider Activity at Celestica

In other Celestica news, Director Leila Wong sold 600 shares of the 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 transaction of C$58,605.18. Also, Director Robert Andrew Mionis sold 150,000 shares of the company’s 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. Insiders have sold a total of 228,600 shares of company stock valued at $23,295,294 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

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.