Celestica (TSE:CLS) Sets New 12-Month High – Here’s Why

Celestica Inc. (TSE:CLS) (NYSE:CLS) hit a new 52-week high during trading on Thursday . The company traded as high as C$118.04 and last traded at C$117.22, with a volume of 549733 shares changing hands. The stock had previously closed at C$112.93.

Analyst Ratings Changes

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

Celestica Trading Up 1.0 %

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 company’s 50-day moving average is C$77.33 and its 200 day moving average is C$73.93. The company has a market cap of C$14.18 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.

Insider Activity

In other Celestica news, Senior Officer Jason Phillips sold 18,000 shares of the 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 transaction of C$2,104,847.21. In other news, Senior Officer Jason Phillips sold 18,000 shares of Celestica stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$116.94, for a total value of C$2,104,847.21. Also, Director Robert Andrew Mionis sold 60,000 shares of Celestica stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$110.13, for a total transaction of C$6,607,522.80. Insiders have sold 228,600 shares of company stock worth $23,295,294 in the last ninety days. Company insiders own 1.00% of the company’s stock.

About Celestica

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.