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

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

A number of brokerages have weighed in on CLS. Wolfe Research raised Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. TD Securities raised Celestica to a “hold” rating in a research report on Wednesday, January 21st.

Celestica Stock Performance

Shares of TSE:CLS opened at C$369.27 on Friday. The firm’s 50 day simple moving average is C$397.20 and its 200-day simple moving average is C$400.74. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.54 and a current ratio of 1.44. Celestica has a one year low of C$82.66 and a one year high of C$512.83. The firm has a market cap of C$42.45 billion, a PE ratio of 51.57, a price-to-earnings-growth ratio of 0.14 and a beta of 1.09.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings results on Wednesday, January 28th. The company reported C$2.59 earnings per share (EPS) for the quarter. Celestica had a return on equity of 44.13% and a net margin of 6.72%.The firm had revenue of C$5.02 billion during the quarter. As a group, equities analysts predict that Celestica will post 5.028804 EPS for the current 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.