Analysts Set Celestica Inc. (TSE:CLS) Price Target at C$171.50

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have been assigned an average rating of “Strong Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and five have issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$171.50.

Several equities analysts recently weighed in on the stock. Citigroup raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. TD Securities raised their price target on shares of Celestica from C$238.00 to C$305.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. Finally, The Goldman Sachs Group raised shares of Celestica to a “strong-buy” rating in a research note on Thursday, October 16th.

Celestica Price Performance

CLS opened at C$436.69 on Tuesday. The stock has a market cap of C$50.24 billion, a price-to-earnings ratio of 71.01, a PEG ratio of 0.14 and a beta of 1.43. Celestica has a 1 year low of C$82.66 and a 1 year high of C$512.83. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72. The stock has a fifty day moving average price of C$435.21 and a 200 day moving average price of C$350.75.

Celestica (TSE:CLS) (NYSE:CLS) last issued its earnings results on Monday, October 27th. The company reported C$1.58 earnings per share for the quarter. The company had revenue of C$4.45 billion for the quarter. Celestica had a return on equity of 21.24% and a net margin of 4.08%. Analysts forecast that Celestica will post 5.028804 EPS for the current fiscal year.

Celestica Company Profile

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.