Celestica Inc. (TSE:CLS) Stock Has Average Price Target of C$388.33 According to Analysts

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have earned an average rating of “Strong Buy” from the ten analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a buy recommendation and eight have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$388.33.

Several analysts have recently issued reports on CLS shares. UBS Group upgraded Celestica from a “hold” rating to a “buy” rating and set a C$430.00 price objective on the stock in a research note on Monday, August 24th. FBN Securities raised Celestica to a “strong-buy” rating in a research note on Tuesday, September 15th. Scotiabank upgraded Celestica to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Sanford C. Bernstein raised Celestica to a “strong-buy” rating in a research report on Wednesday, September 30th.

Celestica Price Performance

Shares of CLS opened at C$516.79 on Thursday. Celestica has a fifty-two week low of C$330.79 and a fifty-two week high of C$655.50. The firm’s 50 day moving average price is C$467.06 and its 200 day moving average price is C$486.36. The company has a market cap of C$65.17 billion, a P/E ratio of 53.67, a PEG ratio of 0.14 and a beta of 1.36. The company has a quick ratio of 0.54, a current ratio of 1.23 and a debt-to-equity ratio of 32.68.

Celestica (TSE:CLS) (NYSE:CLS) last issued its quarterly earnings results on Monday, July 27th. The company reported C$3.61 EPS for the quarter. The company had revenue of C$6.68 billion during the quarter. Celestica had a net margin of 7.16% and a return on equity of 50.64%. On average, research analysts forecast that Celestica will post 5.03 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.