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

Celestica Inc. (TSE:CLS) (NYSE:CLS) has been assigned an average rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, two have assigned a buy rating and four have given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$110.50.

A number of research analysts recently weighed in on the stock. Argus upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, April 29th. BNP Paribas upgraded shares of Celestica to a “strong-buy” rating in a research report on Wednesday, June 11th. Canaccord Genuity Group reduced their price target on shares of Celestica from C$138.00 to C$126.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Finally, BMO Capital Markets reduced their price target on shares of Celestica from C$140.00 to C$118.00 in a research report on Monday, April 28th.

Celestica Trading Up 0.8%

TSE:CLS opened at C$222.13 on Tuesday. The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.54 and a current ratio of 1.47. The firm has a market cap of C$18.79 billion, a price-to-earnings ratio of 50.61, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. Celestica has a 52 week low of C$55.10 and a 52 week high of C$224.36. The firm has a 50-day moving average price of C$177.56 and a two-hundred day moving average price of C$153.78.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.