Celestica (TSE:CLS) Stock Rating Upgraded by Sanford C. Bernstein

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by equities research analysts at Sanford C. Bernstein to a “strong-buy” rating in a research note issued on Wednesday, Zacks reports.

CLS has been the topic of a number of other research reports. FBN Securities raised Celestica to a “strong-buy” rating in a research report on Tuesday, September 15th. Scotiabank upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, UBS Group upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a C$430.00 target price on the stock in a research note on Monday, August 24th. Eight equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average target price of C$388.33.

Celestica Stock Down 0.8%

Celestica stock opened at C$514.95 on Wednesday. The firm has a market capitalization of C$64.94 billion, a P/E ratio of 53.48, a P/E/G ratio of 0.14 and a beta of 1.48. The company has a current ratio of 1.23, a quick ratio of 0.54 and a debt-to-equity ratio of 32.68. Celestica has a twelve month low of C$321.89 and a twelve month high of C$655.50. The stock’s fifty day simple moving average is C$457.60 and its 200-day simple moving average is C$479.37.

Celestica (TSE:CLS) (NYSE:CLS) last released its earnings results on Monday, July 27th. The company reported C$3.61 earnings per share (EPS) for the quarter. Celestica had a return on equity of 50.64% and a net margin of 7.16%.The firm had revenue of C$6.68 billion during the quarter. As a group, equities analysts expect that Celestica will post 5.028804 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.