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

Key Points

• Celestica Inc. (TSE:CLS) has received an average recommendation of "Buy" from seven brokerages, with two "hold" ratings, one "buy," and four "strong buy" ratings.
• The average one-year target price set by analysts for Celestica is C$127.00, reflecting a positive outlook for the stock.
• As of Friday, Celestica's stock price opened at C$339.84, with a market cap of C$39.09 billion and a significant price-to-earnings ratio of 74.04.

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS has earned an average recommendation of "Buy" from the seven brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and four have given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$127.00.

Several brokerages have recently weighed in on CLS. Citigroup raised shares of Celestica to a "hold" rating in a research note on Monday, July 21st. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th.

Celestica Price Performance

TSE CLS opened at C$339.84 on Friday. The business has a 50 day simple moving average of C$290.93 and a 200 day simple moving average of C$201.84. Celestica has a 52-week low of C$66.02 and a 52-week high of C$361.83. The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.54 and a current ratio of 1.47. The stock has a market cap of C$39.09 billion, a price-to-earnings ratio of 74.04, a PEG ratio of 0.14 and a beta of 1.65.

Celestica Company Profile

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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