Celestica (TSE:CLS) Raised to “Strong-Buy” at The Goldman Sachs Group

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by equities researchers at The Goldman Sachs Group to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

CLS has been the subject of several other reports. TD Securities raised Celestica to a “hold” rating in a research note on Friday, October 3rd. Citigroup upgraded Celestica to a “hold” rating in a report on Monday, July 21st. Five equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$127.00.

Celestica Stock Down 1.1%

TSE CLS opened at C$389.08 on Thursday. The business has a fifty day moving average price of C$319.87 and a 200 day moving average price of C$224.55. Celestica has a one year low of C$76.60 and a one year high of C$415.63. 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 company has a market cap of C$44.76 billion, a P/E ratio of 84.77, a P/E/G ratio of 0.14 and a beta of 1.52.

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.