Celestica (TSE:CLS) Upgraded to Strong-Buy at Wolfe Research

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by analysts at Wolfe Research to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research analysts also recently issued reports on the stock. TD Securities upgraded shares of Celestica to a “hold” rating in a research report on Wednesday, January 21st. Citigroup raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Five equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus price target of C$183.00.

Celestica Stock Up 2.2%

CLS opened at C$399.50 on Tuesday. The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54. Celestica has a 12 month low of C$82.66 and a 12 month high of C$512.83. The stock’s 50 day moving average price is C$413.91 and its 200 day moving average price is C$384.79. The stock has a market cap of C$45.90 billion, a P/E ratio of 55.80, a P/E/G ratio of 0.14 and a beta of 1.35.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data on Wednesday, January 28th. The company reported C$2.59 EPS for the quarter. Celestica had a return on equity of 21.24% and a net margin of 4.08%.The firm had revenue of C$5.02 billion during the quarter. As a group, research analysts predict that Celestica will post 5.028804 earnings per share for the current year.

About Celestica

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.