Celestica (TSE:CLS) Rating Increased to Strong-Buy at FBN Securities

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by investment analysts at FBN Securities to a “strong-buy” rating in a report released on Tuesday, Zacks reports.

Other equities analysts have also recently issued reports about the stock. Scotiabank upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, August 11th. UBS Group upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a C$430.00 price target on the stock in a research report on Monday, August 24th. Seven equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy” and an average price target of C$388.33.

Celestica Stock Up 2.8%

Shares of CLS stock opened at C$452.39 on Tuesday. Celestica has a twelve month low of C$315.41 and a twelve month high of C$655.50. The stock has a market cap of C$57.05 billion, a P/E ratio of 46.98, a P/E/G ratio of 0.14 and a beta of 1.48. The stock has a 50 day moving average of C$451.26 and a 200 day moving average of C$469.60. The company has a current ratio of 1.23, a quick ratio of 0.54 and a debt-to-equity ratio of 39.57.

Celestica (TSE:CLS) (NYSE:CLS) last released its quarterly earnings data on Monday, July 27th. The company reported C$3.61 EPS for the quarter. The business 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%. As a group, sell-side analysts expect that Celestica will post 5.028804 EPS for the current year.

About Celestica

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.