Celestica (TSE:CLS) Upgraded by Scotiabank to Strong-Buy Rating

Scotiabank upgraded shares of Celestica (TSE:CLS) (NYSE:CLS) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

A number of other analysts have also recently commented on CLS. TD Securities raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. TD upgraded shares of Celestica from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$350.00 to C$430.00 in a research note on Wednesday, April 29th. Six equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average price target of C$367.50.

Celestica Trading Down 1.7%

Celestica stock opened at C$432.72 on Tuesday. Celestica has a 52-week low of C$240.49 and a 52-week high of C$655.50. The company has a market cap of C$54.57 billion, a P/E ratio of 52.45, a P/E/G ratio of 0.14 and a beta of 1.53. The company has a quick ratio of 0.54, a current ratio of 1.23 and a debt-to-equity ratio of 39.57. The business has a 50-day simple moving average of C$496.22 and a two-hundred day simple moving average of C$463.57.

Celestica (TSE:CLS) (NYSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The company reported C$3.61 earnings per share for the quarter. The firm had revenue of C$6.68 billion for the quarter. Celestica had a net margin of 7.15% and a return on equity of 50.28%. Analysts predict that Celestica will post 5.028804 EPS for the current year.

Celestica Company Profile

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.