Celestica (TSE:CLS) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Celestica (TSE:CLS) (NYSE:CLS) to a strong-buy rating in a report released on Wednesday morning,Zacks reports.

Other equities research analysts have also issued reports about the company. Scotiabank raised Celestica to a “strong-buy” rating in a research note on Tuesday, August 11th. FBN Securities raised Celestica to a “strong-buy” rating in a research report on Tuesday, September 15th. Finally, UBS Group raised Celestica from a “hold” rating to a “buy” rating and set a C$430.00 target price for the company in a report on Monday, August 24th. Eight investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average target price of C$388.33.

Celestica Trading Up 3.9%

Shares of TSE:CLS opened at C$551.69 on Wednesday. The stock has a market capitalization of C$69.57 billion, a price-to-earnings ratio of 57.29, a PEG ratio of 0.14 and a beta of 1.48. Celestica has a 1-year low of C$321.89 and a 1-year high of C$655.50. The company has a debt-to-equity ratio of 32.68, a quick ratio of 0.54 and a current ratio of 1.23. The company has a 50 day moving average price of C$461.24 and a 200 day moving average price of C$481.06.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The company reported C$3.61 earnings per share (EPS) for the quarter. The firm had revenue of C$6.68 billion for the quarter. Celestica had a net margin of 7.16% and a return on equity of 50.64%. On average, research analysts anticipate 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.