Celestica (TSE:CLS) Shares Up 12.4% – Should You Buy?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price traded up 12.4% during trading on Tuesday. The stock traded as high as C$396.69 and last traded at C$390.15. Approximately 341,533 shares were traded during trading, a decline of 28% from the average session volume of 473,955 shares. The stock had previously closed at C$346.97.

Wall Street Analysts Forecast Growth

CLS has been the topic of several research reports. FBN Securities upgraded shares of Celestica to a “strong-buy” rating in a report on Tuesday, September 15th. UBS Group upgraded Celestica from a “hold” rating to a “buy” rating and set a C$430.00 target price on the stock in a research note on Monday, August 24th. Sanford C. Bernstein upgraded shares of Celestica to a “strong-buy” rating in a research note on Wednesday, September 30th. Finally, Scotiabank raised Celestica to a “strong-buy” rating in a report on Tuesday, August 11th. Seven investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy” and an average price target of C$430.00.

Celestica Trading Down 5.3%

The company has a market cap of C$50.24 billion, a PE ratio of 41.37, a PEG ratio of 0.14 and a beta of 1.36. The company has a current ratio of 1.61, a quick ratio of 0.54 and a debt-to-equity ratio of 13.18. The stock has a 50 day moving average price of C$457.45 and a 200 day moving average price of C$460.86.

Celestica (TSE:CLS) (NYSE:CLS) last announced its earnings results on Monday, October 26th. The company reported C$4.70 earnings per share (EPS) for the quarter. The business had revenue of C$8.30 billion for the quarter. Celestica had a return on equity of 38.32% and a net margin of 6.83%. Sell-side analysts predict that Celestica Inc. will post 5.03 EPS for the current fiscal year.

About Celestica

Celestica is a technology leader dedicated to driving customer success and market advancements. With deep expertise in design, engineering, manufacturing, supply chain, and platform solutions, Celestica enables critical data center infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. With a talented team and a strategic global network, Celestica helps its customers achieve competitive advantages.