Analysts Set Celestica Inc. (TSE:CLS) Target Price at C$183.00

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have earned a consensus rating of “Strong Buy” from the eight analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and six have given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$183.00.

A number of research analysts recently weighed in on CLS shares. Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Susquehanna upgraded shares of Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, TD Securities upgraded shares of Celestica to a “hold” rating in a research note on Wednesday, January 21st.

Celestica Stock Up 0.9%

CLS opened at C$547.52 on Thursday. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.54 and a current ratio of 1.44. Celestica has a fifty-two week low of C$109.19 and a fifty-two week high of C$553.00. The firm’s fifty day moving average is C$406.96 and its 200 day moving average is C$416.70. The stock has a market cap of C$62.95 billion, a price-to-earnings ratio of 76.47, a price-to-earnings-growth ratio of 0.14 and a beta of 1.03.

Celestica (TSE:CLS) (NYSE:CLS) last released its earnings results on Wednesday, January 28th. The company reported C$2.59 earnings per share for the quarter. Celestica had a net margin of 6.72% and a return on equity of 44.13%. The company had revenue of C$5.02 billion for the quarter. On average, sell-side analysts forecast that Celestica will post 5.028804 earnings per share for the current fiscal 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.