Brokerages Set Celestica Inc. (TSE:CLS) Target Price at C$171.50

Celestica Inc. (TSE:CLS) (NYSE:CLS) has received a consensus rating of “Strong Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, one has given a buy recommendation and five have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$171.50.

Several research analysts have recently issued reports on CLS shares. The Goldman Sachs Group raised Celestica to a “strong-buy” rating in a research report on Thursday, October 16th. Citigroup upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, TD Securities upped their price target on Celestica from C$238.00 to C$305.00 and gave the company a “hold” rating in a report on Wednesday, October 29th.

Celestica Trading Down 12.9%

Shares of TSE:CLS opened at C$421.77 on Friday. Celestica has a 52 week low of C$82.66 and a 52 week high of C$512.83. The company’s 50 day moving average is C$428.82 and its two-hundred day moving average is C$315.97. The company has a market cap of C$48.52 billion, a PE ratio of 68.58, a P/E/G ratio of 0.14 and a beta of 1.47. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72.

Celestica (TSE:CLS) (NYSE:CLS) last released its quarterly earnings data on Monday, October 27th. The company reported C$1.58 earnings per share (EPS) for the quarter. The business had revenue of C$4.45 billion during the quarter. Celestica had a net margin of 4.08% and a return on equity of 21.24%. Equities analysts predict 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.