Celestica (TSE:CLS) Stock Rating Upgraded by TD

Key Points

• TD upgraded Celestica from a "hold" to a "buy" and raised its target price to C$430 from C$350, though that target is roughly 16.5% below the stock's recent close of C$515.17.
• Analysts overall rate Celestica as a Strong Buy (five Strong Buy, one Buy, one Hold) with a consensus target of C$367.50, while the company reported C$3.00 EPS and C$5.63B revenue last quarter and currently trades at a high valuation (P/E ~71.95).

Celestica (TSE:CLS - Get Free Report) NYSE: CLS was upgraded by TD from a "hold" rating to a "buy" rating in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a C$430.00 target price on the stock, up from their prior target price of C$350.00. TD's price objective indicates a potential downside of 16.53% from the company's previous close.

Several other analysts have also recently weighed in on the company. Wolfe Research raised Celestica to a "strong-buy" rating in a report on Tuesday, February 17th. TD Securities upgraded Celestica to a "hold" rating in a research report on Wednesday, January 21st. Finally, Susquehanna upgraded Celestica to a "strong-buy" rating in a research report on Wednesday, April 1st. Five research 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 MarketBeat.com, Celestica currently has an average rating of "Strong Buy" and a consensus target price of C$367.50.

Celestica Price Performance

Shares of Celestica stock traded up C$21.95 during trading on Wednesday, reaching C$515.17. The company's stock had a trading volume of 554,410 shares, compared to its average volume of 543,958. The stock has a 50-day moving average price of C$425.68 and a two-hundred day moving average price of C$425.30. The company has a current ratio of 1.44, a quick ratio of 0.54 and a debt-to-equity ratio of 35.04. Celestica has a one year low of C$113.40 and a one year high of C$576.89. The stock has a market capitalization of C$59.23 billion, a P/E ratio of 71.95, a price-to-earnings-growth ratio of 0.14 and a beta of 1.03.

Celestica (TSE:CLS - Get Free Report) NYSE: CLS last announced its quarterly earnings data on Monday, April 27th. The company reported C$3.00 earnings per share for the quarter. The firm had revenue of C$5.63 billion during the quarter. Celestica had a return on equity of 44.13% and a net margin of 6.72%. As a group, sell-side analysts anticipate that Celestica will post 5.028804 EPS 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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