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 seven brokerages covering the firm.
• The average 12-month price target for Celestica's stock is C$127.00, with various ratings ranging from hold to strong buy.
• As of Wednesday, Celestica's shares were trading at C$276.19, reflecting a gain of 3.2%.

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS has received an average recommendation of "Buy" from the seven brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$127.00.

A number of equities research analysts have recently weighed in on the company. Citigroup raised Celestica to a "hold" rating in a report on Monday, July 21st. BNP Paribas raised Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th.

Celestica Trading Up 3.2%

Shares of TSE:CLS opened at C$276.19 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72. The company's 50-day moving average price is C$246.66 and its 200 day moving average price is C$178.29. The company has a market cap of C$31.77 billion, a PE ratio of 60.17, a P/E/G ratio of 0.14 and a beta of 1.83. Celestica has a fifty-two week low of C$55.10 and a fifty-two week high of C$301.19.

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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