Celestica (TSE:CLS) Upgraded at TD

TD upgraded shares of Celestica (TSE:CLS) (NYSE:CLS) from a hold rating to a buy rating in a research note released on Wednesday,BayStreet.CA reports. The firm currently has C$430.00 target price on the stock, up from their previous target price of C$350.00.

A number of other equities analysts have also recently weighed in on the company. TD Securities upgraded Celestica to a “hold” rating in a report on Wednesday, January 21st. Wolfe Research upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, Susquehanna upgraded Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. Six equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and an average target price of C$367.50.

Celestica Stock Up 2.1%

TSE CLS opened at C$569.51 on Wednesday. The stock has a market cap of C$65.48 billion, a PE ratio of 69.03, a P/E/G ratio of 0.14 and a beta of 1.03. Celestica has a fifty-two week low of C$124.30 and a fifty-two week high of C$579.16. The business has a 50 day moving average price of C$431.15 and a two-hundred day moving average price of C$426.84. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 36.81.

Celestica (TSE:CLS) (NYSE:CLS) last released its quarterly earnings results on Monday, April 27th. The company reported C$3.00 earnings per share for the quarter. The firm had revenue of C$5.63 billion during the quarter. Celestica had a return on equity of 47.41% and a net margin of 6.95%. As a group, sell-side analysts predict that Celestica will post 5.028804 EPS for the current fiscal year.

About Celestica

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.