Celestica (TSE:CLS) Reaches New 12-Month High - What's Next?

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$97.11 and last traded at C$96.31, with a volume of 708878 shares trading hands. The stock had previously closed at C$93.99.

Analysts Set New Price Targets

Separately, TD Securities upped their target price on Celestica from C$55.00 to C$61.00 and gave the stock a "buy" rating in a report on Friday, July 26th.

Celestica Stock Performance

The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 52.78. The company's 50 day moving average is C$70.45 and its 200-day moving average is C$70.93. The company has a market capitalization of C$11.44 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.

Celestica (TSE:CLS - Get Free Report) NYSE: CLS last announced its earnings results on Wednesday, July 24th. The company reported C$1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.99 by C$0.18. Celestica had a return on equity of 20.99% and a net margin of 4.16%. The business had revenue of C$3.27 billion for the quarter, compared to analysts' expectations of C$3.09 billion. Equities analysts anticipate that Celestica Inc. will post 5.028804 EPS for the current fiscal year.

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.