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

Celestica Inc. (TSE:CLS) (NYSE:CLS) has received an average recommendation of “Strong Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, one has given a buy rating and five have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$183.00.

A number of analysts recently commented on CLS shares. Citigroup upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. TD Securities upgraded Celestica to a “hold” rating in a research report on Wednesday, January 21st. Finally, Wolfe Research upgraded Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th.

Celestica Stock Down 0.0%

Shares of TSE CLS opened at C$406.34 on Wednesday. The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54. The stock has a market capitalization of C$46.69 billion, a PE ratio of 56.75, a P/E/G ratio of 0.14 and a beta of 1.35. Celestica has a one year low of C$82.66 and a one year high of C$512.83. The business’s fifty day moving average price is C$411.78 and its 200-day moving average price is C$389.18.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data 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 for the quarter. Celestica had a return on equity of 21.24% and a net margin of 4.08%. On average, equities research analysts anticipate that Celestica will post 5.028804 EPS for the current year.

Celestica Company Profile

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.