Brokerages Set Celestica Inc. (TSE:CLS) Target Price at C$171.50

by · The Markets Daily

Celestica Inc. (TSE:CLS – Get Free Report) (NYSE:CLS) has received a consensus rating of “Strong Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, one has given a buy recommendation and five have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$171.50.

Several research analysts have recently issued reports on CLS shares. The Goldman Sachs Group raised Celestica to a “strong-buy” rating in a research report on Thursday, October 16th. Citigroup upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, TD Securities upped their price target on Celestica from C$238.00 to C$305.00 and gave the company a “hold” rating in a report on Wednesday, October 29th.

Read Our Latest Research Report on Celestica

Celestica Trading Down 12.9%

Shares of TSE:CLS opened at C$421.77 on Friday. Celestica has a 52 week low of C$82.66 and a 52 week high of C$512.83. The company’s 50 day moving average is C$428.82 and its two-hundred day moving average is C$315.97. The company has a market cap of C$48.52 billion, a PE ratio of 68.58, a P/E/G ratio of 0.14 and a beta of 1.47. 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 (TSE:CLS – Get Free Report) (NYSE:CLS) last released its quarterly earnings data on Monday, October 27th. The company reported C$1.58 earnings per share (EPS) for the quarter. The business had revenue of C$4.45 billion during the quarter. Celestica had a net margin of 4.08% and a return on equity of 21.24%. Equities analysts predict that Celestica will post 5.028804 earnings per share for the current fiscal year.

About Celestica

(Get Free Report)

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.

Read More