Celestica Inc. (TSE:CLS) Given Average Recommendation of “Buy” by Analysts

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have been given an average recommendation of “Buy” by the seven brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and four have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$127.00.

Several equities research analysts have recently weighed in on the company. Citigroup upgraded Celestica to a “hold” rating in a research report on Monday, July 21st. BNP Paribas upgraded Celestica to a “strong-buy” rating in a research report on Wednesday, June 11th.

Celestica Trading Up 0.3%

Shares of CLS opened at C$338.16 on Wednesday. The business’s 50-day moving average price is C$257.98 and its 200-day moving average price is C$183.16. Celestica has a twelve month low of C$56.64 and a twelve month high of C$354.50. The stock has a market cap of C$38.90 billion, a PE ratio of 73.67, a P/E/G ratio of 0.14 and a beta of 1.65. The company has a quick ratio of 0.54, a current ratio of 1.47 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.