Celestica Inc. (TSE:CLS) Receives C$183.00 Average Price Target from Analysts

Celestica Inc. (TSE:CLS) (NYSE:CLS) has been given a consensus recommendation of “Strong Buy” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and five have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$183.00.

Several equities analysts recently weighed in on CLS shares. Citigroup upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Wolfe Research raised Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, TD Securities upgraded Celestica to a “hold” rating in a research report on Wednesday, January 21st.

Celestica Stock Performance

TSE:CLS opened at C$378.78 on Wednesday. The stock has a market capitalization of C$43.52 billion, a P/E ratio of 52.90, a price-to-earnings-growth ratio of 0.14 and a beta of 1.35. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72. Celestica has a 1 year low of C$82.66 and a 1 year high of C$512.83. The firm has a 50 day moving average of C$411.83 and a 200-day moving average of C$391.33.

Celestica (TSE:CLS) (NYSE:CLS) last announced its earnings results on Wednesday, January 28th. The company reported C$2.59 earnings per share for the quarter. Celestica had a return on equity of 21.24% and a net margin of 4.08%.The company had revenue of C$5.02 billion during the quarter. As a group, sell-side analysts anticipate that Celestica will post 5.028804 EPS for the current fiscal 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.