Celestica (TSE:CLS) Price Target Raised to C$14.00

Celestica (TSE:CLS) (NYSE:CLS) had its price objective upped by Royal Bank of Canada from C$12.50 to C$14.00 in a report released on Thursday, Stock Target Advisor reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 14.38% from the stock’s current price.

Separately, TD Securities upped their target price on Celestica to C$12.00 and gave the stock a “hold” rating in a research note on Wednesday, July 28th.

CLS traded up C$1.92 during midday trading on Thursday, hitting C$12.24. The stock had a trading volume of 80,397 shares, compared to its average volume of 229,887. The company has a market cap of C$1.55 billion and a P/E ratio of 14.40. The business has a fifty day moving average of C$10.89 and a 200 day moving average of C$10.49. The company has a debt-to-equity ratio of 39.69, a quick ratio of 0.94 and a current ratio of 1.72. Celestica has a 1 year low of C$7.73 and a 1 year high of C$12.51.

Celestica (TSE:CLS) (NYSE:CLS) last issued its earnings results on Monday, July 26th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.31 by C$0.06. The firm had revenue of C$1.75 billion during the quarter, compared to analysts’ expectations of C$1.70 billion. On average, equities research analysts anticipate that Celestica will post 1.2600001 earnings per share for the current year.

Celestica Company Profile

Celestica Inc provides hardware platform and supply chain solutions in North America, Europe, and Asia. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

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