Celestica Inc. (TSE:CLS) Stock Rated “Strong Buy” by Wall Street Brokerages

Celestica Inc. (TSE:CLS) (NYSE:CLS) has been given a consensus recommendation of “Strong Buy” by the ten analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a buy rating and eight have given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$388.33.

Several research firms recently weighed in on CLS. UBS Group upgraded Celestica from a “hold” rating to a “buy” rating and set a C$430.00 price target on the stock in a research note on Monday, August 24th. Scotiabank upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, August 11th. FBN Securities raised shares of Celestica to a “strong-buy” rating in a research report on Tuesday, September 15th. Finally, Sanford C. Bernstein raised Celestica to a “strong-buy” rating in a report on Wednesday, September 30th.

Celestica Price Performance

CLS stock opened at C$516.79 on Thursday. The company has a debt-to-equity ratio of 32.68, a current ratio of 1.23 and a quick ratio of 0.54. Celestica has a 1 year low of C$330.79 and a 1 year high of C$655.50. The firm has a 50-day moving average of C$468.11 and a 200 day moving average of C$487.73. The company has a market cap of C$65.17 billion, a P/E ratio of 53.67, a PEG ratio of 0.14 and a beta of 1.36.

Celestica (TSE:CLS) (NYSE:CLS) last released its earnings results on Monday, July 27th. The company reported C$3.61 EPS for the quarter. Celestica had a return on equity of 50.64% and a net margin of 7.16%. The company had revenue of C$6.68 billion during the quarter. On average, sell-side analysts forecast that Celestica will post 5.03 EPS 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.