Celestica Inc. (TSE:CLS) Given Average Rating of "Buy" by Brokerages

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS has earned an average rating of "Buy" from the seven analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, two have issued a buy rating and four have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$110.50.

A number of research analysts have weighed in on the company. Argus raised Celestica to a "strong-buy" rating in a research note on Tuesday, April 29th. BNP Paribas upgraded Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Canaccord Genuity Group lowered their price target on Celestica from C$138.00 to C$126.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, BMO Capital Markets dropped their price objective on shares of Celestica from C$140.00 to C$118.00 in a research note on Monday, April 28th.

Celestica Stock Performance

Shares of TSE CLS opened at C$187.94 on Friday. The company has a 50-day simple moving average of C$146.70 and a 200-day simple moving average of C$144.60. The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54. The company has a market cap of C$15.90 billion, a PE ratio of 42.82, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. Celestica has a 12 month low of C$55.10 and a 12 month high of C$206.57.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

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