Scotiabank Upgrades Celestica (TSE:CLS) to Strong-Buy

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by stock analysts at Scotiabank to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

CLS has been the subject of several other reports. TD raised shares of Celestica from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$350.00 to C$430.00 in a research report on Wednesday, April 29th. TD Securities upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Six analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus target price of C$367.50.

Celestica Stock Down 1.7%

CLS opened at C$432.72 on Tuesday. Celestica has a fifty-two week low of C$240.49 and a fifty-two week high of C$655.50. The business has a 50-day moving average of C$496.22 and a 200-day moving average of C$463.57. The company has a debt-to-equity ratio of 39.57, a current ratio of 1.23 and a quick ratio of 0.54. The company has a market capitalization of C$54.57 billion, a PE ratio of 52.45, a price-to-earnings-growth ratio of 0.14 and a beta of 1.53.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings results on Monday, July 27th. The company reported C$3.61 EPS for the quarter. The business had revenue of C$6.68 billion during the quarter. Celestica had a return on equity of 50.28% and a net margin of 7.15%. Equities research analysts forecast that Celestica will post 5.028804 EPS 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.