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

Celestica Inc. (TSE:CLS) (NYSE:CLS) has received a consensus rating of “Strong Buy” from the six analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, one has given a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$183.00.

CLS has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of Celestica to a “strong-buy” rating in a report on Thursday, October 16th. TD Securities upgraded Celestica to a “hold” rating in a research note on Wednesday, January 21st. Finally, Citigroup raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th.

Celestica Trading Down 5.3%

TSE CLS opened at C$382.63 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72. Celestica has a 52 week low of C$82.66 and a 52 week high of C$512.83. The business has a 50 day moving average price of C$430.03 and a 200-day moving average price of C$369.54. The company has a market cap of C$44.02 billion, a price-to-earnings ratio of 62.22, a P/E/G ratio of 0.14 and a beta of 1.43.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings results on Wednesday, January 28th. The company reported C$2.59 earnings per share (EPS) for the quarter. The business had revenue of C$5.02 billion during the quarter. Celestica had a net margin of 4.08% and a return on equity of 21.24%. As a group, equities analysts expect that Celestica will post 5.028804 earnings per share 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.