Celestica (TSE:CLS) Stock Rating Upgraded by TD Securities

Key Points

• Celestica was upgraded to a "hold" rating by TD Securities and has received multiple ratings, including a "strong-buy" from BNP Paribas.
• The stock currently has an average rating of "buy" with a consensus target price of C$127.00, despite trading down 6.9% recently.
• Celestica operates in two primary segments: Advanced Technology Solutions and Connectivity & Cloud Solutions, catering to various industries including A&D, Industrial, and HealthTech.

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

Other analysts also recently issued research reports about the company. BNP Paribas raised Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Citigroup upgraded Celestica to a "hold" rating in a report on Monday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$127.00.

Celestica Trading Down 6.9%

Shares of TSE:CLS opened at C$326.12 on Friday. The firm has a market cap of C$37.51 billion, a price-to-earnings ratio of 71.05, a PEG ratio of 0.14 and a beta of 1.65. Celestica has a 12 month low of C$70.94 and a 12 month high of C$361.83. The company's fifty day simple moving average is C$302.73 and its 200 day simple moving average is C$208.73. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72.

About Celestica

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.

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