Celestica Inc. (TSE:CLS) Receives C$183.00 Consensus Price Target from Brokerages

Celestica Inc. (TSE:CLS) (NYSE:CLS) has received an average rating of “Strong Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, one has given a buy rating and six have given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$183.00.

Several brokerages recently issued reports on CLS. TD Securities upgraded Celestica to a “hold” rating in a report on Wednesday, January 21st. Susquehanna raised Celestica to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, Wolfe Research raised Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th.

Celestica Price Performance

Shares of TSE:CLS opened at C$549.77 on Thursday. The company has a current ratio of 1.44, a quick ratio of 0.54 and a debt-to-equity ratio of 35.04. Celestica has a 1 year low of C$113.40 and a 1 year high of C$562.50. The business has a fifty day simple moving average of C$412.87 and a 200 day simple moving average of C$419.21. The firm has a market cap of C$63.21 billion, a price-to-earnings ratio of 76.78, a P/E/G ratio of 0.14 and a beta of 1.03.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data on Wednesday, January 28th. The company reported C$2.59 earnings per share (EPS) for the quarter. Celestica had a return on equity of 44.13% and a net margin of 6.72%.The business had revenue of C$5.02 billion during the quarter. As a group, sell-side analysts predict that Celestica will post 5.028804 earnings per share 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.