Celestica (TSE:CLS) Upgraded by TD Securities to Hold Rating

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by analysts at TD Securities to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Citigroup raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. The Goldman Sachs Group upgraded shares of Celestica to a “strong-buy” rating in a research report on Thursday, October 16th. Five equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Celestica currently has a consensus rating of “Strong Buy” and a consensus target price of C$171.50.

Celestica Trading Down 0.2%

Shares of CLS opened at C$428.35 on Wednesday. The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.54 and a current ratio of 1.47. Celestica has a 52-week low of C$82.66 and a 52-week high of C$512.83. The firm has a market cap of C$49.28 billion, a price-to-earnings ratio of 69.65, a PEG ratio of 0.14 and a beta of 1.43. The business’s fifty day moving average is C$429.79 and its 200-day moving average is C$360.65.

Celestica (TSE:CLS) (NYSE:CLS) last released its quarterly earnings data on Monday, October 27th. The company reported C$1.58 earnings per share for the quarter. Celestica had a return on equity of 21.24% and a net margin of 4.08%.The business had revenue of C$4.45 billion for the quarter. Equities analysts anticipate that Celestica will post 5.028804 EPS for the current fiscal year.

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. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.