Analysts Set Celestica Inc. (TSE:CLS) Price Target at C$388.33

Celestica Inc. (TSE:CLS) (NYSE:CLS) has received a consensus rating of “Strong Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a buy rating and six have given a strong buy rating to 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.

A number of analysts have issued reports on the company. 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 note on Monday, August 24th. Scotiabank raised shares of Celestica to a “strong-buy” rating in a research note on Tuesday, August 11th.

Celestica Price Performance

CLS stock opened at C$440.22 on Friday. Celestica has a 52-week low of C$315.41 and a 52-week high of C$655.50. The stock’s fifty day simple moving average is C$452.42 and its 200-day simple moving average is C$469.10. The company has a quick ratio of 0.54, a current ratio of 1.23 and a debt-to-equity ratio of 39.57. The stock has a market capitalization of C$55.52 billion, a price-to-earnings ratio of 45.72, a price-to-earnings-growth ratio of 0.14 and a beta of 1.48.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data 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 expect that Celestica will post 5.028804 EPS for the current year.

About Celestica

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.