Celestica Inc. (TSE:CLS) Receives C$388.33 Consensus Price Target from Analysts

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have received a consensus recommendation of “Strong Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a buy recommendation and seven have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$388.33.

Several brokerages recently weighed in on CLS. FBN Securities raised Celestica to a “strong-buy” rating in a report on Tuesday, September 15th. UBS Group raised Celestica from a “hold” rating to a “buy” rating and set a C$430.00 price target on the stock in a research report on Monday, August 24th. Finally, Scotiabank upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, August 11th.

Celestica Stock Up 0.7%

CLS stock opened at C$465.13 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.54 and a debt-to-equity ratio of 39.57. The firm has a 50 day simple moving average of C$449.56 and a 200-day simple moving average of C$470.15. The company has a market capitalization of C$58.66 billion, a P/E ratio of 48.30, a PEG ratio of 0.14 and a beta of 1.48. Celestica has a twelve month low of C$315.41 and a twelve month high of C$655.50.

Celestica (TSE:CLS) (NYSE:CLS) last issued its earnings results on Monday, July 27th. The company reported C$3.61 earnings per share (EPS) for the quarter. Celestica had a net margin of 7.15% and a return on equity of 50.28%. The business had revenue of C$6.68 billion for the quarter. On average, equities research analysts predict that Celestica will post 5.028804 earnings per share for the current fiscal year.

Celestica Company Profile

Celestica is a technology leader dedicated to driving customer success and market advancements. With deep expertise in design, engineering, manufacturing, supply chain, and platform solutions, Celestica enables critical data center infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. With a talented team and a strategic global network, Celestica helps its customers achieve competitive advantages.