Brokerages Set Celestica Inc. (TSE:CLS) Price Target at C$367.50

Shares of Celestica Inc. (TSE:CLS – Get Free Report) (NYSE:CLS) have been assigned an average recommendation of “Strong Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a buy recommendation and five have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$367.50.

A number of equities research analysts have issued reports on CLS shares. Susquehanna upgraded shares of Celestica to a “strong-buy” rating in a report on Wednesday, April 1st. TD raised Celestica from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$350.00 to C$430.00 in a research report on Wednesday, April 29th. Finally, TD Securities upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th.

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Celestica Trading Up 1.5%

Celestica stock opened at C$484.49 on Tuesday. Celestica has a 52 week low of C$208.63 and a 52 week high of C$655.50. The company has a debt-to-equity ratio of 36.81, a quick ratio of 0.54 and a current ratio of 1.26. The firm has a market capitalization of C$55.70 billion, a price-to-earnings ratio of 58.73, a P/E/G ratio of 0.14 and a beta of 1.61. The company has a 50 day moving average price of C$526.06 and a 200 day moving average price of C$453.20.

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

Celestica Company Profile

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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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