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

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have been given a consensus recommendation of “Strong Buy” by the six research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$183.00.

A number of analysts recently commented on the company. Citigroup raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. The Goldman Sachs Group raised Celestica to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, TD Securities upgraded Celestica to a “hold” rating in a research note on Wednesday, January 21st.

Celestica Stock Down 5.3%

CLS opened at C$382.63 on Friday. Celestica has a fifty-two week low of C$82.66 and a fifty-two week high of C$512.83. The firm has a market capitalization of C$44.02 billion, a P/E ratio of 62.22, a PEG ratio of 0.14 and a beta of 1.43. The company’s 50-day moving average is C$430.03 and its 200 day moving average is C$369.54. The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings data on Wednesday, January 28th. The company reported C$2.59 EPS 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$5.02 billion during the quarter. Research analysts expect that Celestica 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.