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Celestica Inc. (TSE:CLS) Receives Average Recommendation of "Buy" from Brokerages

Celestica logo with Computer and Technology background

Shares of Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS have earned a consensus recommendation of "Buy" from the six analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$110.50.

CLS has been the subject of a number of recent analyst reports. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Argus upgraded Celestica to a "strong-buy" rating in a research note on Tuesday, April 29th. Canaccord Genuity Group cut their target price on Celestica from C$138.00 to C$126.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. BMO Capital Markets cut their target price on Celestica from C$140.00 to C$118.00 in a research note on Monday, April 28th. Finally, Cormark increased their target price on Celestica from C$93.00 to C$137.00 in a research note on Thursday, January 30th.

Check Out Our Latest Report on CLS

Celestica Stock Down 2.9%

CLS stock traded down C$4.97 during trading on Monday, hitting C$164.24. 742,263 shares of the stock traded hands, compared to its average volume of 1,018,341. The stock has a market cap of C$13.90 billion, a price-to-earnings ratio of 37.42, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54. Celestica has a 1 year low of C$55.10 and a 1 year high of C$206.57. The firm's 50 day moving average is C$127.58 and its two-hundred day moving average is C$138.52.

About Celestica

(Get Free Report

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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Analyst Recommendations for Celestica (TSE:CLS)

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