Celestica Inc. (TSE:CLS) Receives C$388.33 Average Target Price from Analysts

Shares of Celestica Inc. (TSE:CLS – Get Free Report) (NYSE:CLS) have been assigned an average recommendation of “Strong Buy” from the nine brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a buy rating and seven have issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$388.33.

Several brokerages recently weighed in on CLS. Scotiabank upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, August 11th. FBN Securities upgraded shares of Celestica to a “strong-buy” rating in a research report on Tuesday. Finally, UBS Group upgraded Celestica from a “hold” rating to a “buy” rating and set a C$430.00 price objective on the stock in a research report on Monday, August 24th.

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Celestica Price Performance

Shares of CLS opened at C$461.88 on Friday. The company has a market capitalization of C$58.25 billion, a P/E ratio of 47.97, a P/E/G ratio of 0.14 and a beta of 1.48. Celestica has a fifty-two week low of C$315.41 and a fifty-two week high of C$655.50. The business’s 50-day moving average is C$450.45 and its two-hundred day moving average is C$470.18. The company has a debt-to-equity ratio of 39.57, a quick ratio of 0.54 and a current ratio of 1.23.

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 for the quarter. The company had revenue of C$6.68 billion during the quarter. Celestica had a return on equity of 50.28% and a net margin of 7.15%. Research analysts predict that Celestica will post 5.028804 earnings per share for the current year.

About Celestica

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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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