Celestica (TSE:CLS) Reaches New 1-Year High at $84.34

Celestica Inc. (TSE:CLS) (NYSE:CLS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$84.34 and last traded at C$83.43, with a volume of 214893 shares traded. The stock had previously closed at C$80.77.

Wall Street Analysts Forecast Growth

Separately, CIBC cut shares of Celestica from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from C$41.00 to C$49.00 in a research note on Friday, April 26th.

Celestica Price Performance

The company has a debt-to-equity ratio of 48.65, a current ratio of 1.42 and a quick ratio of 0.54. The company’s 50-day moving average is C$74.98 and its 200-day moving average is C$60.72. The firm has a market capitalization of C$9.62 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 0.14 and a beta of 2.35.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.86 by C$0.04. The company had revenue of C$2.98 billion during the quarter, compared to analysts’ expectations of C$2.83 billion. Celestica had a net margin of 3.86% and a return on equity of 19.10%. On average, research analysts expect that Celestica Inc. will post 4.5011198 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Jason Phillips sold 20,000 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$51.75, for a total transaction of C$1,035,092.00. In related news, Senior Officer Todd Christopher Cooper sold 12,500 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of C$52.45, for a total value of C$655,625.00. Also, Senior Officer Jason Phillips sold 20,000 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$51.75, for a total value of C$1,035,092.00. Insiders sold 68,700 shares of company stock worth $3,983,829 over the last three months. 0.99% 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.