Analysts Set Celestica Inc. (TSE:CLS) PT at C$367.50

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

Several analysts recently weighed in on the company. TD Securities upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Susquehanna upgraded Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. TD upgraded Celestica from a “hold” rating to a “buy” rating and increased their target price for the company from C$350.00 to C$430.00 in a research note on Wednesday, April 29th. Finally, Wolfe Research upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th.

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Celestica Stock Performance

Celestica stock opened at C$494.83 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 36.81. The company has a market capitalization of C$56.89 billion, a P/E ratio of 59.98, a PEG ratio of 0.14 and a beta of 1.19. The stock’s 50 day moving average is C$456.62 and its 200 day moving average is C$436.39. Celestica has a twelve month low of C$152.56 and a twelve month high of C$591.25.

Celestica (TSE:CLS – Get Free Report) (NYSE:CLS) last posted its quarterly earnings results on Monday, April 27th. The company reported C$3.00 earnings per share for the quarter. The company had revenue of C$5.63 billion for the quarter. Celestica had a return on equity of 47.41% and a net margin of 6.95%. On average, equities research analysts predict that Celestica will post 5.028804 earnings per share for the current fiscal year.

About Celestica

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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.

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