Celestica (TSE:CLS) Raised to Strong-Buy at The Goldman Sachs Group

Key Points

• Celestica has been upgraded to a "strong-buy" rating by The Goldman Sachs Group, highlighting positive investor sentiment.
• The stock currently holds a consensus rating of "Buy" with an average target price of C$127.00 according to market analysts.
• Celestica's market performance shows significant growth potential, with a 12-month high reaching C$415.63 and a market cap of C$45.26 billion.

Celestica (TSE:CLS - Get Free Report) NYSE: CLS was upgraded by investment analysts at The Goldman Sachs Group to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other brokerages also recently issued reports on CLS. Citigroup raised shares of Celestica to a "hold" rating in a research note on Monday, July 21st. TD Securities raised shares of Celestica to a "hold" rating in a research note on Friday, October 3rd. Five research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$127.00.

Celestica Price Performance

Shares of TSE:CLS opened at C$393.49 on Thursday. The company's fifty day moving average is C$317.80 and its two-hundred day moving average is C$222.65. 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 12-month low of C$76.60 and a 12-month high of C$415.63. The company has a market cap of C$45.26 billion, a P/E ratio of 85.73, a price-to-earnings-growth ratio of 0.14 and a beta of 1.52.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.