Celestica (TSE:CLS) Stock Rating Raised to “Strong-Buy” at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Celestica (TSE:CLS) (NYSE:CLS) to a strong-buy rating in a report released on Wednesday,Zacks reports.

Other analysts also recently issued research reports about the stock. FBN Securities upgraded shares of Celestica to a “strong-buy” rating in a report on Tuesday, September 15th. Scotiabank upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, UBS Group raised Celestica from a “hold” rating to a “buy” rating and set a C$430.00 price objective on the stock in a research report on Monday, August 24th. Eight investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, Celestica presently has a consensus rating of “Strong Buy” and an average price target of C$388.33.

Celestica Price Performance

Shares of TSE CLS opened at C$514.95 on Wednesday. Celestica has a 52 week low of C$321.89 and a 52 week high of C$655.50. The stock has a market capitalization of C$64.94 billion, a price-to-earnings ratio of 53.48, a price-to-earnings-growth ratio of 0.14 and a beta of 1.48. The company has a quick ratio of 0.54, a current ratio of 1.23 and a debt-to-equity ratio of 32.68. The firm has a 50-day simple moving average of C$457.60 and a 200-day simple moving average of C$479.37.

Celestica (TSE:CLS) (NYSE:CLS) last released its earnings results on Monday, July 27th. The company reported C$3.61 earnings per share for the quarter. Celestica had a net margin of 7.16% and a return on equity of 50.64%. The business had revenue of C$6.68 billion for the quarter. On average, equities analysts predict that Celestica will post 5.028804 earnings per share for the current fiscal 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.