Celestica Inc. (TSE:CLS) Given Consensus Rating of “Strong Buy” by Brokerages

Celestica Inc. (TSE:CLS) (NYSE:CLS) has been given a consensus recommendation of “Strong Buy” by the six ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a buy recommendation and five have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$367.50.

CLS has been the subject of several analyst reports. TD raised Celestica from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$350.00 to C$430.00 in a research report on Wednesday, April 29th. TD Securities upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Susquehanna upgraded shares of Celestica to a “strong-buy” rating in a research report on Wednesday, April 1st.

Celestica Stock Down 1.2%

Shares of CLS traded down C$5.81 during mid-day trading on Tuesday, hitting C$492.30. 146,234 shares of the company’s stock were exchanged, compared to its average volume of 492,451. The stock’s 50-day moving average is C$525.27 and its 200-day moving average is C$454.17. The company has a debt-to-equity ratio of 36.81, a quick ratio of 0.54 and a current ratio of 1.26. Celestica has a fifty-two week low of C$208.63 and a fifty-two week high of C$655.50. The company has a market cap of C$56.60 billion, a price-to-earnings ratio of 59.67, a P/E/G ratio of 0.14 and a beta of 1.64.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings results on Monday, April 27th. The company reported C$3.00 EPS for the quarter. Celestica had a net margin of 6.95% and a return on equity of 47.41%. The business had revenue of C$5.63 billion during the quarter. On average, sell-side analysts anticipate 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.