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

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have earned an average recommendation of “Strong Buy” from the seven brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a buy rating and six have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$367.50.

Several equities analysts have issued reports on the company. Susquehanna upgraded Celestica to a “strong-buy” rating in a research report on Wednesday, April 1st. TD upgraded Celestica from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$350.00 to C$430.00 in a research report on Wednesday, April 29th. Wolfe Research upgraded Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, TD Securities upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th.

Celestica Trading Down 7.1%

Shares of CLS opened at C$591.01 on Friday. The stock has a fifty day moving average price of C$501.19 and a two-hundred day moving average price of C$442.86. The company has a debt-to-equity ratio of 36.81, a quick ratio of 0.54 and a current ratio of 1.26. Celestica has a 52-week low of C$160.59 and a 52-week high of C$655.50. The company has a market cap of C$67.95 billion, a price-to-earnings ratio of 71.64, a PEG ratio of 0.14 and a beta of 1.19.

Celestica (TSE:CLS) (NYSE:CLS) last issued its quarterly earnings data on Monday, April 27th. The company reported C$3.00 earnings per share (EPS) for the quarter. Celestica had a return on equity of 47.41% and a net margin of 6.95%.The firm had revenue of C$5.63 billion during the quarter. Analysts predict that Celestica will post 5.028804 EPS 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.