Celestica Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $33.88.
Several equities research analysts recently weighed in on CLS shares. CIBC increased their price objective on shares of Celestica from $33.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Canaccord Genuity Group increased their price objective on shares of Celestica from $32.50 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. TD Securities increased their price objective on shares of Celestica from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. StockNews.com lowered shares of Celestica from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada increased their price objective on shares of Celestica from $33.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st.
View Our Latest Analysis on CLS
Institutional Investors Weigh In On Celestica
Celestica Stock Performance
Shares of CLS stock opened at $43.80 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 1.40. Celestica has a one year low of $10.50 and a one year high of $51.12. The company’s 50-day simple moving average is $44.06 and its 200-day simple moving average is $33.62. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 21.58 and a beta of 2.22.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its quarterly earnings results on Monday, January 29th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.68 by $0.08. Celestica had a net margin of 3.07% and a return on equity of 17.09%. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Equities analysts anticipate that Celestica will post 2.59 earnings per share for the current fiscal year.
About Celestica
Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.
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