Celestica (TSE:CLS) Rating Increased to Strong-Buy at The Goldman Sachs Group

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by The Goldman Sachs Group to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Several other brokerages also recently commented on CLS. TD Securities upgraded shares of Celestica to a “hold” rating in a report on Friday, October 3rd. Citigroup upgraded Celestica to a “hold” rating in a research note on Monday, July 21st. Five analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$127.00.

Celestica Stock Up 3.7%

Celestica stock opened at C$393.49 on Thursday. The company has a market capitalization of C$45.26 billion, a P/E ratio of 85.73, a P/E/G ratio of 0.14 and a beta of 1.52. The firm’s fifty day simple moving average is C$317.80 and its 200-day simple moving average is C$222.65. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72. Celestica has a 1-year low of C$76.60 and a 1-year high of C$415.63.

About Celestica

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses.