Celestica (TSE:CLS) Stock Rating Upgraded by FBN Securities

Celestica (TSE:CLS – Get Free Report) (NYSE:CLS) was upgraded by research analysts at FBN Securities to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other analysts have also recently commented on the company. UBS Group upgraded Celestica from a “hold” rating to a “buy” rating and set a C$430.00 price objective for the company in a research report on Monday, August 24th. Scotiabank raised shares of Celestica to a “strong-buy” rating in a research note on Tuesday, August 11th. Seven analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus price target of C$388.33.

Get Celestica alerts:

Read Our Latest Analysis on Celestica

Celestica Stock Performance

TSE:CLS opened at C$452.39 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.54 and a debt-to-equity ratio of 39.57. The company has a market capitalization of C$57.05 billion, a P/E ratio of 46.98, a price-to-earnings-growth ratio of 0.14 and a beta of 1.48. The firm has a 50-day moving average price of C$451.26 and a two-hundred day moving average price of C$469.60. Celestica has a twelve month low of C$315.41 and a twelve month high of C$655.50.

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

Celestica Company Profile

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than Celestica
• This Gold ETF Turns a Non-Yielding Asset Into Monthly Income—But There’s a Catch
• Analysts See Double-Digit Upside for These 3 Stocks
• 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
• Jackson’s Record Quarter Powers the Bull Case

Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.