Wolfe Research Upgrades Celestica (TSE:CLS) to Strong-Buy

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by investment analysts at Wolfe Research to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

CLS has been the topic of several other reports. Citigroup upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. TD Securities raised Celestica to a “hold” rating in a research report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Strong Buy” and an average price target of C$183.00.

Celestica Stock Up 2.2%

Shares of Celestica stock opened at C$399.50 on Tuesday. Celestica has a 12-month low of C$82.66 and a 12-month high of C$512.83. The firm has a market capitalization of C$45.90 billion, a PE ratio of 55.80, a price-to-earnings-growth ratio of 0.14 and a beta of 1.35. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72. The stock’s fifty day moving average is C$413.91 and its 200-day moving average is C$384.79.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings data on Wednesday, January 28th. The company reported C$2.59 earnings per share (EPS) for the quarter. Celestica had a return on equity of 21.24% and a net margin of 4.08%.The firm had revenue of C$5.02 billion for the quarter. Equities analysts anticipate that Celestica will post 5.028804 earnings per share for the current year.

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. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.