Susquehanna Upgrades Celestica (TSE:CLS) to “Strong-Buy”

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by equities researchers at Susquehanna to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. TD Securities upgraded shares of Celestica to a “hold” rating in a report on Wednesday, January 21st. Six equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Celestica has an average rating of “Strong Buy” and an average target price of C$183.00.

Celestica Stock Up 2.5%

CLS stock opened at C$410.21 on Wednesday. The firm has a market capitalization of C$47.16 billion, a PE ratio of 57.29, a P/E/G ratio of 0.14 and a beta of 1.09. The company has a quick ratio of 0.54, a current ratio of 1.44 and a debt-to-equity ratio of 35.04. Celestica has a twelve month low of C$82.66 and a twelve month high of C$512.83. The stock’s 50 day moving average is C$390.58 and its 200-day moving average is C$404.34.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings results on Wednesday, January 28th. The company reported C$2.59 earnings per share (EPS) for the quarter. The business had revenue of C$5.02 billion during the quarter. Celestica had a return on equity of 44.13% and a net margin of 6.72%. Sell-side 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.