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

Key Points

• Celestica Inc. has received an average recommendation of "Buy" from analysts, with the average 12-month price target set at C$127.00.
• Notably, four analysts have assigned the stock a "strong buy" rating, while two have suggested a hold rating.
• As of the latest report, Celestica's stock is trading at C$285.87, reflecting a 3.4% increase.

Shares of Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS have earned an average recommendation of "Buy" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and four have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$127.00.

Several equities analysts have commented on the stock. Citigroup raised shares of Celestica to a "hold" rating in a research note on Monday, July 21st. Canaccord Genuity Group dropped their price target 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. BMO Capital Markets dropped their price target on shares of Celestica from C$140.00 to C$118.00 in a research report on Monday, April 28th. Argus upgraded shares of Celestica to a "strong-buy" rating in a research report on Tuesday, April 29th. Finally, BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th.

Celestica Stock Up 3.4%

CLS stock opened at C$285.87 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72. Celestica has a fifty-two week low of C$55.10 and a fifty-two week high of C$296.00. The firm's 50-day simple moving average is C$213.85 and its 200 day simple moving average is C$166.96. The stock has a market cap of C$24.19 billion, a PE ratio of 65.13, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.

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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