Celestica Inc. (TSE:CLS) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have been assigned a consensus recommendation of “Strong Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and five have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$171.50.

A number of equities analysts have issued reports on the company. Citigroup upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. The Goldman Sachs Group upgraded Celestica to a “strong-buy” rating in a report on Thursday, October 16th. Finally, TD Securities boosted their target price on Celestica from C$238.00 to C$305.00 and gave the company a “hold” rating in a research note on Wednesday, October 29th.

Celestica Stock Performance

CLS stock opened at C$403.99 on Tuesday. Celestica has a 1-year low of C$82.66 and a 1-year high of C$512.83. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72. The firm has a market cap of C$46.47 billion, a PE ratio of 65.69, a P/E/G ratio of 0.14 and a beta of 1.43. The business’s 50-day moving average price is C$440.68 and its two-hundred day moving average price is C$342.85.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings results on Monday, October 27th. The company reported C$1.58 earnings per share for the quarter. Celestica had a net margin of 4.08% and a return on equity of 21.24%. The firm had revenue of C$4.45 billion for the quarter. As a group, research analysts forecast that Celestica will post 5.028804 earnings per share for the current year.

About Celestica

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.