Celestica Inc. (TSE:CLS) Receives Consensus Rating of “Strong Buy” from Brokerages

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have been given an average recommendation of “Strong Buy” by the six brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a buy recommendation and five have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$367.50.

Several research firms recently weighed in on CLS. TD Securities raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Susquehanna upgraded shares of Celestica to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, TD upgraded Celestica from a “hold” rating to a “buy” rating and upped their price objective for the company from C$350.00 to C$430.00 in a research report on Wednesday, April 29th.

Celestica Price Performance

Shares of TSE:CLS opened at C$461.40 on Friday. The company has a debt-to-equity ratio of 39.57, a current ratio of 1.23 and a quick ratio of 0.54. Celestica has a 1-year low of C$240.49 and a 1-year high of C$655.50. The firm’s 50 day simple moving average is C$507.65 and its two-hundred day simple moving average is C$461.40. The company has a market capitalization of C$53.05 billion, a P/E ratio of 55.93, a P/E/G ratio of 0.14 and a beta of 1.64.

Celestica (TSE:CLS) (NYSE:CLS) last issued its earnings results on Monday, July 27th. The company reported C$3.61 earnings per share for the quarter. Celestica had a net margin of 7.15% and a return on equity of 50.28%. The company had revenue of C$6.68 billion during the quarter. Research analysts expect 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.