UBS Group Upgrades Celestica (TSE:CLS) to Strong-Buy

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by stock analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on CLS. TD Securities raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. TD upgraded shares of Celestica from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$350.00 to C$430.00 in a report on Wednesday, April 29th. Finally, Scotiabank raised Celestica to a “strong-buy” rating in a research report on Tuesday, August 11th. Seven investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus target price of C$367.50.

Celestica Stock Down 0.1%

Shares of TSE CLS opened at C$407.36 on Monday. The company has a market capitalization of C$51.37 billion, a P/E ratio of 49.38, a P/E/G ratio of 0.14 and a beta of 1.53. The company has a debt-to-equity ratio of 39.57, a current ratio of 1.23 and a quick ratio of 0.54. The company has a 50 day simple moving average of C$476.52 and a 200-day simple moving average of C$465.22. Celestica has a 1 year low of C$253.12 and a 1 year high of C$655.50.

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