Celestica Inc. (TSE:CLS) Given Consensus Recommendation of “Strong Buy” by Analysts

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have earned an average rating of “Strong Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a buy rating and five have issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$367.50.

CLS has been the topic of several analyst reports. Susquehanna upgraded Celestica to a “strong-buy” rating in a research report on Wednesday, April 1st. TD raised Celestica from a “hold” rating to a “buy” rating and raised their price target for the company from C$350.00 to C$430.00 in a report on Wednesday, April 29th. Finally, TD Securities raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th.

Celestica Price Performance

TSE CLS opened at C$487.25 on Tuesday. The company has a market capitalization of C$56.02 billion, a PE ratio of 59.06, a price-to-earnings-growth ratio of 0.14 and a beta of 1.61. The company has a debt-to-equity ratio of 36.81, a quick ratio of 0.54 and a current ratio of 1.26. The business’s fifty day moving average is C$529.97 and its 200 day moving average is C$452.11. Celestica has a fifty-two week low of C$200.99 and a fifty-two week high of C$655.50.

Celestica (TSE:CLS) (NYSE:CLS) last released its earnings results on Monday, April 27th. The company reported C$3.00 earnings per share for the quarter. The company had revenue of C$5.63 billion for the quarter. Celestica had a return on equity of 47.41% and a net margin of 6.95%. Sell-side analysts predict 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.