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

Celestica Inc. (TSE:CLS) (NYSE:CLS) has been given a consensus rating of “Strong Buy” by the seven ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a buy rating and six have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$367.50.

Several equities research analysts have commented on the stock. TD raised shares of Celestica from a “hold” rating to a “buy” rating and upped their target price for the company from C$350.00 to C$430.00 in a research note on Wednesday, April 29th. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. TD Securities raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Susquehanna raised shares of Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st.

Celestica Stock Performance

CLS opened at C$494.83 on Monday. Celestica has a fifty-two week low of C$152.56 and a fifty-two week high of C$591.25. 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 cap of C$56.89 billion, a price-to-earnings ratio of 59.98, a price-to-earnings-growth ratio of 0.14 and a beta of 1.19. The firm has a 50 day simple moving average of C$456.62 and a 200 day simple moving average of C$436.48.

Celestica (TSE:CLS) (NYSE:CLS) last issued its earnings results on Monday, April 27th. The company reported C$3.00 EPS for the quarter. Celestica had a net margin of 6.95% and a return on equity of 47.41%. The firm had revenue of C$5.63 billion during the quarter. On average, sell-side analysts anticipate that Celestica will post 5.028804 earnings per share 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.