Celestica Inc. (TSE:CLS) Given Consensus Rating of “Strong Buy” by Brokerages

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have earned a consensus rating of “Strong Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a buy rating and six have issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$388.33.

A number of equities research analysts recently weighed in on CLS shares. TD Securities upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. UBS Group upgraded Celestica from a “hold” rating to a “buy” rating and set a C$430.00 price target for the company in a research note on Monday. TD raised Celestica from a “hold” rating to a “buy” rating and boosted 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 note on Tuesday, August 11th.

Celestica Stock Performance

Shares of CLS stock opened at C$423.57 on Wednesday. Celestica has a one year low of C$253.12 and a one year high of C$655.50. 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 business’s 50 day simple moving average is C$474.30 and its 200 day simple moving average is C$465.55. The stock has a market capitalization of C$53.42 billion, a PE ratio of 51.34, a PEG ratio of 0.14 and a beta of 1.53.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The company reported C$3.61 EPS for the quarter. Celestica had a net margin of 7.15% and a return on equity of 50.28%. The company had revenue of C$6.68 billion during the quarter. As a group, research analysts forecast 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.