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

Celestica Inc. (TSE:CLS) (NYSE:CLS) has been given an average rating of “Strong Buy” by the six ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a buy recommendation and five have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$367.50.

Several equities research analysts recently weighed in on the stock. TD Securities raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Susquehanna raised shares of Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, TD upgraded shares of Celestica from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$350.00 to C$430.00 in a research report on Wednesday, April 29th.

Celestica Stock Down 8.7%

Shares of Celestica stock opened at C$430.07 on Friday. The business’s fifty day moving average price is C$508.30 and its two-hundred day moving average price is C$459.90. The company has a debt-to-equity ratio of 36.81, a current ratio of 1.26 and a quick ratio of 0.54. The company has a market capitalization of C$49.45 billion, a P/E ratio of 52.13, a PEG ratio of 0.14 and a beta of 1.64. Celestica has a 1-year low of C$225.10 and a 1-year high of C$655.50.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings results on Monday, April 27th. The company reported C$3.00 earnings per share (EPS) for the quarter. The company had revenue of C$5.63 billion during the quarter. Celestica had a return on equity of 47.41% and a net margin of 6.95%. As a group, research analysts forecast 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.