Celestica (TSE:CLS) Upgraded at Scotiabank

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by equities research analysts at Scotiabank to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research analysts also recently weighed in on the company. TD Securities upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. TD raised Celestica from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$350.00 to C$430.00 in a research note on Wednesday, April 29th. Six equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus price target of C$367.50.

Celestica Trading Down 1.7%

Celestica stock opened at C$432.72 on Tuesday. The company has a 50 day moving average price of C$496.22 and a 200 day moving average price of C$463.57. Celestica has a 52 week low of C$240.49 and a 52 week high of C$655.50. The company has a debt-to-equity ratio of 39.57, a quick ratio of 0.54 and a current ratio of 1.23. The firm has a market capitalization of C$54.57 billion, a price-to-earnings ratio of 52.45, a P/E/G ratio of 0.14 and a beta of 1.53.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The company reported C$3.61 earnings per share for the quarter. The firm had revenue of C$6.68 billion for the quarter. Celestica had a net margin of 7.15% and a return on equity of 50.28%. Research analysts forecast that Celestica will post 5.028804 EPS for the current year.

Celestica Company Profile

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.