Celestica (TSE:CLS) Upgraded to “Strong-Buy” at UBS Group

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on CLS. TD upgraded shares of Celestica from a “hold” rating to a “buy” rating and lifted their price target for the company from C$350.00 to C$430.00 in a research report on Wednesday, April 29th. TD Securities raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Scotiabank raised shares of Celestica to a “strong-buy” rating in a research note on Tuesday, August 11th. Seven investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and an average price target of C$367.50.

Celestica Stock Performance

Shares of CLS opened at C$407.36 on Monday. The stock has a market capitalization of C$51.37 billion, a P/E ratio of 49.38, a P/E/G ratio of 0.14 and a beta of 1.53. 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 has a 1 year low of C$253.12 and a 1 year high of C$655.50. The company’s fifty day moving average is C$476.52 and its two-hundred day moving average is C$465.22.

Celestica (TSE:CLS) (NYSE:CLS) last issued its earnings results on Monday, July 27th. The company reported C$3.61 earnings per share (EPS) for the quarter. Celestica had a return on equity of 50.28% and a net margin of 7.15%.The business had revenue of C$6.68 billion during the quarter. On average, sell-side analysts predict that Celestica will post 5.028804 earnings per share 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.