TD Securities Upgrades Celestica (TSE:CLS) to “Hold”

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by stock analysts at TD Securities to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Several other analysts have also commented on the stock. Citigroup raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. The Goldman Sachs Group raised shares of Celestica to a “strong-buy” rating in a research report on Thursday, October 16th. Five analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average price target of C$171.50.

Celestica Stock Down 6.6%

Shares of TSE CLS opened at C$400.29 on Wednesday. The stock has a market capitalization of C$46.05 billion, a PE ratio of 65.09, a price-to-earnings-growth ratio of 0.14 and a beta of 1.43. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72. Celestica has a 12-month low of C$82.66 and a 12-month high of C$512.83. The stock’s fifty day simple moving average is C$429.59 and its two-hundred day simple moving average is C$360.93.

Celestica (TSE:CLS) (NYSE:CLS) last issued its quarterly earnings data on Monday, October 27th. The company reported C$1.58 earnings per share for the quarter. Celestica had a return on equity of 21.24% and a net margin of 4.08%.The firm had revenue of C$4.45 billion during the quarter. As a group, analysts expect 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.