Brokerages Set Celestica Inc. (TSE:CLS) Target Price at C$171.50

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have been assigned an average rating of “Buy” from the eight research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and five have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$171.50.

A number of research firms recently issued reports on CLS. TD Securities boosted their target price on shares of Celestica from C$238.00 to C$305.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. Citigroup upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, The Goldman Sachs Group raised Celestica to a “strong-buy” rating in a report on Thursday, October 16th.

Celestica Price Performance

Shares of TSE CLS opened at C$439.81 on Monday. Celestica has a 52 week low of C$82.66 and a 52 week high of C$512.83. The business’s 50 day moving average price is C$392.39 and its 200 day moving average price is C$279.19. 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 firm has a market cap of C$50.59 billion, a P/E ratio of 71.51, a P/E/G ratio of 0.14 and a beta of 1.35.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data on Monday, October 27th. The company reported C$2.31 EPS for the quarter. The business had revenue of C$4.45 billion during the quarter. Celestica had a net margin of 4.08% and a return on equity of 21.24%. On average, sell-side analysts expect that Celestica will post 5.028804 earnings per share for the current 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.