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

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have received a consensus rating of “Strong Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a buy recommendation and five have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$367.50.

A number of research analysts have issued reports on the company. TD Securities raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. 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. Finally, Susquehanna upgraded shares of Celestica to a “strong-buy” rating in a research report on Wednesday, April 1st.

Celestica Trading Up 4.5%

Shares of CLS opened at C$449.49 on Friday. Celestica has a 1 year low of C$231.00 and a 1 year high of C$655.50. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 36.81. The stock has a 50 day simple moving average of C$507.40 and a 200-day simple moving average of C$460.49. The stock has a market cap of C$51.68 billion, a PE ratio of 54.48, a PEG ratio of 0.14 and a beta of 1.64.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings results on Monday, July 27th. The company reported C$3.61 EPS for the quarter. Celestica had a return on equity of 47.41% and a net margin of 6.95%.The business had revenue of C$6.68 billion for the quarter. On average, sell-side analysts predict that Celestica will post 5.028804 EPS for the current fiscal year.

About Celestica

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.