Is Buying Celestica Inc Here a Winning Strategy?

 Is Buying Celestica Inc Here a Winning Strategy?

The stock of Celestica Inc (TSE:CLS) is a huge mover today! About 138,570 shares traded hands. Celestica Inc (TSE:CLS) has risen 23.51% since April 12, 2016 and is uptrending. It has outperformed by 18.82% the S&P500.
The move comes after 7 months positive chart setup for the $2.08B company. It was reported on Nov, 16 by Barchart.com. We have $27.56 PT which if reached, will make TSE:CLS worth $1.35B more.

Celestica Inc (TSE:CLS) Ratings Coverage

Out of 2 analysts covering Celestica Inc. (TSE:CLS), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $17 is the highest target while $16 is the lowest. The $16.50 average target is -1.20% below today’s ($16.7) stock price. Celestica Inc. has been the topic of 4 analyst reports since July 28, 2015 according to StockzIntelligence Inc.

Celestica Inc. is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The company has a market cap of $2.08 billion. The Firm operates in electronics manufacturing services business segment. It has a 14.2 P/E ratio. The Firm offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.

CLS.TO Company Profile

Celestica Inc., incorporated on September 27, 1996, is a well-known provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The Firm operates in electronics manufacturing services business segment. The Firm offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services. The Company’s services and products serve a range of applications, including servers; networking and telecommunications equipment; storage systems; optical equipment; aerospace and defense electronics; healthcare products and applications; semiconductor equipment, and a range of industrial and alternative energy products, including solar panels and inverters.

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