Celestica (TSE:CLS) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Celestica (TSE:CLS) (NYSE:CLS) to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

CLS has been the subject of a number of other research reports. TD Securities raised Celestica to a “hold” rating in a research note on Wednesday, January 21st. Citigroup upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Five analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Celestica has a consensus rating of “Strong Buy” and an average target price of C$183.00.

Celestica Price Performance

Shares of TSE:CLS opened at C$399.59 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72. The stock has a market cap of C$45.91 billion, a PE ratio of 55.81, a price-to-earnings-growth ratio of 0.14 and a beta of 1.35. The stock’s fifty day simple moving average is C$412.21 and its two-hundred day simple moving average is C$384.89. Celestica has a 1-year low of C$82.66 and a 1-year high of C$512.83.

Celestica (TSE:CLS) (NYSE:CLS) last posted its 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 21.24% and a net margin of 4.08%.The firm had revenue of C$5.02 billion for the quarter. As a group, analysts forecast that Celestica will post 5.028804 EPS for the current fiscal 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.