Celestica (TSE:CLS) Rating Increased to Strong-Buy at Susquehanna

Susquehanna upgraded shares of Celestica (TSE:CLS) (NYSE:CLS) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

A number of other research analysts have also commented on CLS. Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. TD Securities raised Celestica to a “hold” rating in a research note on Wednesday, January 21st. Six analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus price target of C$183.00.

Celestica Stock Performance

Shares of CLS opened at C$410.21 on Wednesday. The firm has a market capitalization of C$47.16 billion, a PE ratio of 57.29, a P/E/G ratio of 0.14 and a beta of 1.09. The company has a quick ratio of 0.54, a current ratio of 1.44 and a debt-to-equity ratio of 35.04. The firm has a 50-day moving average price of C$390.58 and a 200 day moving average price of C$404.34. Celestica has a 52-week low of C$82.66 and a 52-week high of C$512.83.

Celestica (TSE:CLS) (NYSE:CLS) last released its quarterly earnings results on Wednesday, January 28th. The company reported C$2.59 EPS for the quarter. The company had revenue of C$5.02 billion for the quarter. Celestica had a net margin of 6.72% and a return on equity of 44.13%. On average, sell-side analysts anticipate that Celestica will post 5.028804 earnings per share for the current fiscal year.

Celestica Company Profile

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.