Celestica (TSE:CLS) Rating Increased to Strong-Buy at FBN Securities

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by equities researchers at FBN Securities to a “strong-buy” rating in a research note issued on Tuesday, Zacks reports.

CLS has been the topic of a number of other reports. Scotiabank raised Celestica to a “strong-buy” rating in a report on Tuesday, August 11th. UBS Group raised Celestica from a “hold” rating to a “buy” rating and set a C$430.00 target price for the company in a report on Monday, August 24th. Seven research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, Celestica currently has an average rating of “Strong Buy” and an average target price of C$388.33.

Celestica Trading Up 2.8%

TSE:CLS opened at C$452.39 on Tuesday. The company has a market capitalization of C$57.05 billion, a P/E ratio of 46.98, a PEG 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 39.57. Celestica has a 12 month low of C$315.41 and a 12 month high of C$655.50. The firm has a fifty day simple moving average of C$451.26 and a 200-day simple moving average of C$469.60.

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 50.28% and a net margin of 7.15%.The firm had revenue of C$6.68 billion for the quarter. On average, equities research analysts anticipate that Celestica will post 5.028804 earnings per share for the current 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.