Celestica (TSE:CLS) Rating Increased to Hold at TD Securities

Key Points

• TD Securities upgraded Celestica to a "hold" rating, but the broader analyst picture remains a consensus Strong Buy (five Strong Buy, one Buy, one Hold) with an average price target of C$171.50.
• Shares opened at C$428.35 with a market cap of C$49.28 billion; the stock trades at a P/E of 69.65, the latest quarter delivered C$1.58 EPS on C$4.45 billion revenue, and analysts expect about C$5.03 EPS for the current fiscal year.

Celestica (TSE:CLS - Get Free Report) NYSE: CLS was upgraded by stock analysts at TD Securities to a "hold" rating in a research note issued on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Citigroup raised Celestica from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 10th. The Goldman Sachs Group upgraded Celestica to a "strong-buy" rating in a research report on Thursday, October 16th. Five analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Strong Buy" and an average price target of C$171.50.

Celestica Trading Down 0.2%

Shares of Celestica stock opened at C$428.35 on Wednesday. The stock has a market capitalization of C$49.28 billion, a P/E ratio of 69.65, a price-to-earnings-growth ratio of 0.14 and a beta of 1.43. Celestica has a 12-month low of C$82.66 and a 12-month high of C$512.83. 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 has a 50-day simple moving average of C$429.79 and a 200 day simple moving average of C$360.65.

Celestica (TSE:CLS - Get Free Report) NYSE: CLS last issued its quarterly earnings data on Monday, October 27th. The company reported C$1.58 EPS for the quarter. Celestica had a net margin of 4.08% and a return on equity of 21.24%. The firm had revenue of C$4.45 billion for the quarter. Research analysts expect that Celestica will post 5.028804 earnings per share for the current fiscal year.

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. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.

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