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

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have received an average rating of “Strong Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, one has given a buy recommendation and six have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$183.00.

A number of equities research analysts have recently issued reports on the company. Wolfe Research upgraded Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. TD Securities upgraded Celestica to a “hold” rating in a research note on Wednesday, January 21st. Finally, Susquehanna raised Celestica to a “strong-buy” rating in a report on Wednesday, April 1st.

Celestica Stock Performance

TSE CLS opened at C$524.80 on Thursday. The stock has a market cap of C$60.34 billion, a PE ratio of 73.30, a P/E/G ratio of 0.14 and a beta of 1.03. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.54 and a current ratio of 1.44. The firm has a 50-day moving average of C$399.72 and a 200-day moving average of C$412.19. Celestica has a 52-week low of C$108.11 and a 52-week high of C$540.01.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings results on Wednesday, January 28th. The company reported C$2.59 EPS for the quarter. The business had revenue of C$5.02 billion for the quarter. Celestica had a net margin of 6.72% and a return on equity of 44.13%. On average, sell-side 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.