Celestica (TSE:CLS) Upgraded by Citigroup to “Strong-Buy” Rating

Citigroup upgraded shares of Celestica (TSE:CLS) (NYSE:CLS) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks.com reports.

Several other brokerages also recently commented on CLS. TD Securities raised their price target on shares of Celestica from C$238.00 to C$305.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. The Goldman Sachs Group upgraded shares of Celestica to a “strong-buy” rating in a research report on Thursday, October 16th. Five analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$171.50.

Celestica Trading Up 6.9%

Shares of CLS opened at C$482.98 on Monday. Celestica has a twelve month low of C$82.66 and a twelve month high of C$512.83. The stock has a market cap of C$55.56 billion, a PE ratio of 78.53, a P/E/G ratio of 0.14 and a beta of 1.35. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72. The business’s 50-day moving average price is C$375.68 and its 200-day moving average price is C$264.71.

Celestica Company Profile

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.