Celestica (TSE:CLS) Rating Increased to Strong-Buy at UBS Group

UBS Group upgraded shares of Celestica (TSE:CLS) (NYSE:CLS) from a hold rating to a strong-buy rating in a report released on Monday morning, MarketBeat Ratings reports. UBS Group currently has C$430.00 price objective on the stock.

CLS has been the topic of several other research reports. TD Securities raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. TD upgraded shares of Celestica from a “hold” rating to a “buy” rating and increased their price target for the company from C$350.00 to C$430.00 in a research note on Wednesday, April 29th. Finally, Scotiabank raised shares of Celestica to a “strong-buy” rating in a report on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average target price of C$388.33.

Celestica Stock Performance

TSE:CLS opened at C$407.36 on Monday. The firm has a market capitalization of C$51.37 billion, a PE ratio of 49.38, a price-to-earnings-growth ratio of 0.14 and a beta of 1.53. The business’s fifty day moving average price is C$476.52 and its 200 day moving average price is C$465.22. The company has a debt-to-equity ratio of 39.57, a current ratio of 1.23 and a quick ratio of 0.54. Celestica has a 12 month low of C$253.12 and a 12 month high of C$655.50.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The company reported C$3.61 earnings per share for the quarter. The company had revenue of C$6.68 billion for the quarter. Celestica had a return on equity of 50.28% and a net margin of 7.15%. On average, sell-side analysts anticipate that Celestica will post 5.028804 earnings per share for the current fiscal year.

Celestica Company Profile

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.