Celestica (TSE:CLS) Rating Increased to Strong-Buy at FBN Securities

FBN Securities upgraded shares of Celestica (TSE:CLS) (NYSE:CLS) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks reports.

CLS has been the topic of several other reports. UBS Group raised shares of Celestica from a “hold” rating to a “buy” rating and set a C$430.00 price target on the stock in a report on Monday, August 24th. Scotiabank raised Celestica to a “strong-buy” rating in a report on Tuesday, August 11th. Seven investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat, Celestica currently has an average rating of “Strong Buy” and a consensus target price of C$388.33.

Celestica Price Performance

TSE:CLS opened at C$452.39 on Tuesday. Celestica has a 12-month low of C$315.41 and a 12-month high of C$655.50. The firm has a market capitalization of C$57.05 billion, a price-to-earnings ratio of 46.98, a P/E/G ratio of 0.14 and a beta of 1.48. The stock’s 50 day moving average price is C$451.26 and its two-hundred day moving average price is C$469.60. The company has a quick ratio of 0.54, a current ratio of 1.23 and a debt-to-equity ratio of 39.57.

Celestica (TSE:CLS) (NYSE:CLS) last posted its earnings results on Monday, July 27th. The company reported C$3.61 earnings per share 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 for the quarter. On average, analysts anticipate that Celestica will post 5.028804 earnings per share for the current year.

About Celestica

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.