Celestica (TSE:CLS) Upgraded by BNP Paribas to Strong-Buy Rating

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

Several other analysts also recently commented on the stock. Argus raised shares of Celestica to a “strong-buy” rating in a report on Tuesday, April 29th. Canaccord Genuity Group reduced their target price on shares of Celestica from C$138.00 to C$126.00 and set a “buy” rating for the company in a report on Monday, April 28th. Finally, BMO Capital Markets reduced their price objective on Celestica from C$140.00 to C$118.00 in a report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Celestica currently has a consensus rating of “Buy” and a consensus target price of C$110.50.

Celestica Trading Up 2.0%

CLS stock opened at C$177.93 on Wednesday. The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54. The company has a fifty day moving average price of C$139.41 and a two-hundred day moving average price of C$142.52. Celestica has a one year low of C$55.10 and a one year high of C$206.57. The stock has a market cap of C$15.05 billion, a price-to-earnings ratio of 40.54, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.