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

Celestica Inc. (TSE:CLS) (NYSE:CLS) has received an average recommendation of “Strong Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. One equities research 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 objective among brokerages that have updated their coverage on the stock in the last year is C$367.50.

A number of brokerages have weighed in on CLS. Susquehanna raised shares of Celestica to a “strong-buy” rating in a report on Wednesday, April 1st. TD raised shares of Celestica from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$350.00 to C$430.00 in a research note on Wednesday, April 29th. Finally, TD Securities upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th.

Celestica Stock Down 8.7%

CLS opened at C$430.07 on Friday. 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 company has a market capitalization of C$49.45 billion, a PE ratio of 52.13, a P/E/G ratio of 0.14 and a beta of 1.64. The stock’s fifty day moving average is C$508.30 and its 200-day moving average is C$459.90. Celestica has a one year low of C$225.10 and a one year high of C$655.50.

Celestica (TSE:CLS) (NYSE:CLS) last announced its earnings results on Monday, April 27th. The company reported C$3.00 earnings per share for the quarter. The business had revenue of C$5.63 billion during the quarter. Celestica had a return on equity of 47.41% and a net margin of 6.95%. On average, equities analysts predict that Celestica will post 5.028804 EPS for the current fiscal 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.