Celestica Inc. (TSE:CLS) Receives Consensus Recommendation of "Buy" from Analysts

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS has been assigned a consensus recommendation of "Buy" from the six analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$110.50.

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

Celestica Trading Down 0.4%

CLS traded down C$0.73 during trading on Monday, hitting C$163.51. 564,894 shares of the company's stock were exchanged, compared to its average volume of 1,013,895. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72. Celestica has a 1 year low of C$55.10 and a 1 year high of C$206.57. The stock has a 50 day moving average price of C$128.12 and a 200 day moving average price of C$138.83. The firm has a market cap of C$13.83 billion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.

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.