Celestica Inc. (CLS.TO) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is strongly bullish: All nine analysts covering Celestica rate it either “buy” or “strong buy,” with an average 12-month price target of C$430.00.
• Scotiabank, FBN Securities, and Sanford C. Bernstein upgraded the stock to “strong buy,” while UBS raised its rating from “hold” to “buy” and set a C$430.00 target.
• Celestica recently reported C$4.70 in quarterly earnings per share on C$8.30 billion in revenue, with a 6.83% net margin and 38.32% return on equity; shares opened at C$369.32, below the analyst consensus target.

Shares of Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS have been assigned a consensus recommendation of "Strong Buy" from the nine analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a buy recommendation and seven have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$430.00.

Several brokerages have recently weighed in on CLS. Scotiabank upgraded shares of Celestica to a "strong-buy" rating in a research report on Tuesday, August 11th. FBN Securities upgraded Celestica to a "strong-buy" rating in a report on Tuesday, September 15th. UBS Group raised Celestica from a "hold" rating to a "buy" rating and set a C$430.00 price objective on the stock in a research note on Monday, August 24th. Finally, Sanford C. Bernstein raised Celestica to a "strong-buy" rating in a research report on Wednesday, September 30th.

Celestica Price Performance

TSE CLS opened at C$369.32 on Monday. Celestica has a 52-week low of C$330.79 and a 52-week high of C$655.50. The stock has a market cap of C$46.58 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 0.14 and a beta of 1.36. The company has a debt-to-equity ratio of 13.18, a quick ratio of 0.54 and a current ratio of 1.61. The business has a 50 day simple moving average of C$456.09 and a 200 day simple moving average of C$460.40.

Celestica (TSE:CLS - Get Free Report) NYSE: CLS last announced its earnings results on Monday, October 26th. The company reported C$4.70 earnings per share for the quarter. The firm had revenue of C$8.30 billion for the quarter. Celestica had a net margin of 6.83% and a return on equity of 38.32%. Analysts anticipate that Celestica will post 5.03 earnings per share for the current fiscal year.

About Celestica

Celestica is a technology leader dedicated to driving customer success and market advancements. With deep expertise in design, engineering, manufacturing, supply chain, and platform solutions, Celestica enables critical data center infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. With a talented team and a strategic global network, Celestica helps its customers achieve competitive advantages.

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