Celestica Inc. (TSE:CLS) Receives C$367.50 Average Price Target from Analysts

Celestica Inc. (TSE:CLS) (NYSE:CLS) has received an average recommendation of “Strong Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a buy recommendation and five have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$367.50.

Several equities analysts have recently weighed in on the stock. TD raised shares of Celestica from a “hold” rating to a “buy” rating and increased their price objective for the company from C$350.00 to C$430.00 in a research report on Wednesday, April 29th. Susquehanna raised shares of Celestica to a “strong-buy” rating in a research report on Wednesday, April 1st. TD Securities raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Wolfe Research raised shares of Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th.

Celestica Stock Performance

Shares of CLS stock opened at C$538.25 on Friday. The stock has a market cap of C$61.88 billion, a P/E ratio of 65.24, a P/E/G ratio of 0.14 and a beta of 1.61. The company has a debt-to-equity ratio of 36.81, a current ratio of 1.26 and a quick ratio of 0.54. The company has a fifty day moving average price of C$514.83 and a two-hundred day moving average price of C$446.61. Celestica has a one year low of C$169.56 and a one year high of C$655.50.

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

Celestica Company Profile

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.