Celestica Inc. (TSE:CLS) Given Average Rating of “Buy” by Analysts

Celestica Inc. (TSE:CLS) (NYSE:CLS) has been given an average rating of “Buy” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$110.50.

A number of equities research analysts have commented on CLS shares. BMO Capital Markets decreased their target price on shares of Celestica from C$140.00 to C$118.00 in a research note on Monday, April 28th. Cormark raised their target price on shares of Celestica from C$93.00 to C$137.00 in a research note on Thursday, January 30th. Canaccord Genuity Group decreased their target price on shares of Celestica from C$138.00 to C$126.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Argus upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, April 29th. Finally, Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st.

Celestica Price Performance

TSE CLS opened at C$163.99 on Monday. Celestica has a 12 month low of C$55.10 and a 12 month high of C$206.57. The stock has a market cap of C$13.87 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 0.14 and a beta of 2.23. The company’s 50 day moving average is C$126.83 and its two-hundred day moving average is C$138.12. 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 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.