Celestica (TSE:CLS) Shares Up 6.5% – Still a Buy?

Celestica Inc. (TSE:CLS) (NYSE:CLS) shares shot up 6.5% during trading on Friday . The company traded as high as C$516.50 and last traded at C$515.00. 77,328 shares traded hands during trading, a decline of 85% from the average session volume of 513,699 shares. The stock had previously closed at C$483.79.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CLS. TD raised Celestica from a “hold” rating to a “buy” rating and increased their price objective for the company from C$350.00 to C$430.00 in a research note on Wednesday, April 29th. Susquehanna raised Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. TD Securities raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Wolfe Research raised Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Six investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, Celestica currently has a consensus rating of “Strong Buy” and an average target price of C$367.50.

Celestica Stock Performance

The stock’s 50 day moving average price is C$480.06 and its 200 day moving average price is C$437.66. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 36.81. The company has a market cap of C$61.17 billion, a price-to-earnings ratio of 64.49, a P/E/G ratio of 0.14 and a beta of 1.19.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The company reported C$3.00 EPS for the quarter. Celestica had a net margin of 6.95% and a return on equity of 47.41%. The company had revenue of C$5.63 billion during the quarter. On average, analysts expect that Celestica Inc. will post 5.028804 EPS for the current fiscal year.

Celestica Company Profile

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.