Celestica (TSE:CLS) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Celestica Inc. (TSE:CLS) (NYSE:CLS) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$434.86 and traded as high as C$463.50. Celestica shares last traded at C$455.59, with a volume of 558,744 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TD Securities raised their price target on shares of Celestica from C$238.00 to C$305.00 and gave the stock a “hold” rating in a research note on Wednesday, October 29th. Citigroup raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Finally, The Goldman Sachs Group upgraded Celestica to a “strong-buy” rating in a research note on Thursday, October 16th. Five analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus price target of C$171.50.

Celestica Stock Performance

The stock has a market capitalization of C$52.41 billion, a P/E ratio of 74.08, a P/E/G ratio of 0.14 and a beta of 1.43. The company’s fifty day simple moving average is C$434.86 and its 200 day simple moving average is C$352.48. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings data on Monday, October 27th. The company reported C$1.58 earnings per share (EPS) for the quarter. The company had revenue of C$4.45 billion during the quarter. Celestica had a return on equity of 21.24% and a net margin of 4.08%. As a group, sell-side analysts forecast that Celestica Inc. will post 5.028804 earnings per share 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.