Analysts Set Celestica Inc. (TSE:CLS) Target Price at C$367.50

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

A number of analysts have recently commented on CLS shares. Scotiabank raised Celestica to a “strong-buy” rating in a research report on Tuesday, August 11th. TD Securities raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, TD upgraded Celestica from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$350.00 to C$430.00 in a research note on Wednesday, April 29th.

Celestica Trading Down 2.2%

Shares of TSE CLS opened at C$407.67 on Wednesday. Celestica has a 1 year low of C$250.02 and a 1 year high of C$655.50. The company has a debt-to-equity ratio of 39.57, a current ratio of 1.23 and a quick ratio of 0.54. The firm has a 50-day moving average of C$479.65 and a 200 day moving average of C$464.68. The stock has a market cap of C$51.41 billion, a P/E ratio of 49.41, a price-to-earnings-growth ratio of 0.14 and a beta of 1.53.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The company reported C$3.61 earnings per share for the quarter. Celestica had a net margin of 7.15% and a return on equity of 50.28%. The business had revenue of C$6.68 billion for the quarter. As a group, sell-side analysts expect that Celestica will post 5.028804 EPS 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.