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

Key Points

• Celestica has an average analyst recommendation of "Strong Buy" from seven covering analysts, with six rating it Strong Buy and one Buy.
• Brokerages following the stock have set an average 12-month price target of C$367.50, and several analysts recently upgraded their views, including TD Securities raising its target to C$430.
• The company most recently reported C$3.00 EPS on C$5.63 billion in revenue, while shares opened at C$514.08 and trade well above both their 50-day and 200-day moving averages.

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS has been given an average recommendation of "Strong Buy" by the seven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a buy rating and six have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$367.50.

A number of research analysts have recently commented on CLS shares. Susquehanna raised shares of Celestica to a "strong-buy" rating in a report on Wednesday, April 1st. TD Securities raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 29th. TD raised Celestica from a "hold" rating to a "buy" rating and raised their price objective for the company from C$350.00 to C$430.00 in a report on Wednesday, April 29th. Finally, Wolfe Research raised Celestica to a "strong-buy" rating in a report on Tuesday, February 17th.

Celestica Stock Performance

Shares of CLS opened at C$514.08 on Monday. The firm has a market cap of C$59.11 billion, a price-to-earnings ratio of 62.31, a PEG ratio of 0.14 and a beta of 1.19. 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 52-week low of C$128.70 and a 52-week high of C$591.25. The business's fifty day moving average is C$440.04 and its 200-day moving average is C$431.49.

Celestica (TSE:CLS - Get Free Report) NYSE: CLS last posted its earnings results on Monday, April 27th. The company reported C$3.00 EPS for the quarter. The firm had revenue of C$5.63 billion during the quarter. Celestica had a net margin of 6.95% and a return on equity of 47.41%. Equities analysts anticipate that Celestica will post 5.028804 EPS 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.

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