Celestica Inc. (TSE:CLS) Receives C$110.50 Average Target Price from Analysts

Celestica Inc. (TSE:CLS) (NYSE:CLS) has been given an average rating of “Buy” by the six ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$110.50.

Several research firms have recently commented on CLS. Argus raised shares of Celestica to a “strong-buy” rating in a research note on Tuesday, April 29th. BMO Capital Markets lowered their price objective on shares of Celestica from C$140.00 to C$118.00 in a research note on Monday, April 28th. Finally, Canaccord Genuity Group lowered their price objective on shares of Celestica from C$138.00 to C$126.00 and set a “buy” rating for the company in a research note on Monday, April 28th.

Celestica Price Performance

Celestica stock opened at C$155.16 on Monday. Celestica has a 12-month low of C$55.10 and a 12-month high of C$206.57. The stock has a market cap of C$13.13 billion, a P/E ratio of 35.35, a PEG ratio of 0.14 and a beta of 2.23. The company has a 50-day moving average price of C$129.32 and a 200 day moving average price of C$139.70. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.