Celestica (TSE:CLS) Hits New 1-Year High – Time to Buy?

Celestica Inc. (TSE:CLS) (NYSE:CLS) shares 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 trading hands. The stock had previously closed at C$121.18.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Securities boosted their price target on Celestica from C$55.00 to C$61.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Barclays raised Celestica to a “strong-buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Celestica has an average rating of “Buy” and a consensus target price of C$44.00.

Celestica Trading Down 0.4 %

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 P/E ratio of 28.72, a PEG ratio of 0.14 and a beta of 2.23. The firm’s 50-day simple moving average is C$84.36 and its 200 day simple moving average is C$76.85.

Insiders Place Their Bets

In other news, Director Robert Andrew Mionis sold 150,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of C$96.83, for a total transaction of C$14,524,318.50. Also, Senior Officer Jason Phillips sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of C$116.94, for a total value of C$2,104,847.21. Over the last 90 days, insiders have sold 228,600 shares of company stock worth $23,295,294. 1.00% of the stock is owned by 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.