Celestica Inc. (TSE:CLS) Receives Consensus Rating of “Buy” from Analysts

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$110.50.

Several analysts have issued reports on CLS shares. BMO Capital Markets dropped their target price on Celestica from C$140.00 to C$118.00 in a report on Monday, April 28th. Argus raised Celestica to a “strong-buy” rating in a research note on Tuesday, April 29th. BNP Paribas raised Celestica to a “strong-buy” rating in a research note on Wednesday, June 11th. Finally, Canaccord Genuity Group decreased their price target on Celestica from C$138.00 to C$126.00 and set a “buy” rating on the stock in a research note on Monday, April 28th.

Celestica Stock Up 5.4%

Shares of CLS opened at C$197.38 on Friday. The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.54 and a current ratio of 1.47. The stock has a 50 day moving average price of C$151.36 and a 200 day moving average price of C$146.09. The stock has a market capitalization of C$16.70 billion, a price-to-earnings ratio of 44.97, a PEG ratio of 0.14 and a beta of 2.23. Celestica has a one year low of C$55.10 and a one year high of C$206.57.

Celestica Company Profile

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.