Celestica Inc. (TSE:CLS) Receives C$367.50 Average Price Target from Brokerages

Celestica Inc. (TSE:CLS – Get Free Report) (NYSE:CLS) has been given an average recommendation of “Strong Buy” by the seven brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a buy recommendation and six have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$367.50.

A number of research firms recently weighed in on CLS. TD raised shares of Celestica from a “hold” rating to a “buy” rating and upped their target price for the stock from C$350.00 to C$430.00 in a report on Wednesday, April 29th. TD Securities raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Scotiabank raised shares of Celestica to a “strong-buy” rating in a report on Tuesday, August 11th.

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Celestica Price Performance

CLS stock opened at C$407.67 on Wednesday. The stock has a 50-day simple moving average of C$479.65 and a two-hundred day simple moving average of C$465.21. Celestica has a twelve month low of C$250.02 and a twelve month high of C$655.50. The firm has a market capitalization of C$51.41 billion, a PE ratio of 49.41, a PEG ratio of 0.14 and a beta of 1.53. The company has a quick ratio of 0.54, a current ratio of 1.23 and a debt-to-equity ratio of 39.57.

Celestica (TSE:CLS – Get Free Report) (NYSE:CLS) last announced its quarterly earnings results on Monday, July 27th. The company reported C$3.61 earnings per share (EPS) for the quarter. Celestica had a net margin of 7.15% and a return on equity of 50.28%. The firm had revenue of C$6.68 billion for the quarter. On average, equities analysts predict that Celestica will post 5.028804 EPS for the current fiscal year.

Celestica Company Profile

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Celestica is a technology leader dedicated to driving customer success and market advancements. With deep expertise in design, engineering, manufacturing, supply chain, and platform solutions, Celestica enables critical data center infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. With a talented team and a strategic global network, Celestica helps its customers achieve competitive advantages.

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