Celestica Inc. (TSE:CLS) Stock Has Consensus Target Price of C$388.33

Celestica Inc. (TSE:CLS) (NYSE:CLS) has earned an average rating of “Strong Buy” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a buy rating and eight have assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$388.33.

Several research analysts recently issued reports on CLS shares. UBS Group raised shares of Celestica from a “hold” rating to a “buy” rating and set a C$430.00 price target for the company in a research report on Monday, August 24th. FBN Securities upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, September 15th. Sanford C. Bernstein raised Celestica to a “strong-buy” rating in a report on Wednesday, September 30th. Finally, Scotiabank raised Celestica to a “strong-buy” rating in a report on Tuesday, August 11th.

Celestica Trading Down 9.2%

Shares of Celestica stock opened at C$461.14 on Thursday. The firm has a market capitalization of C$58.15 billion, a PE ratio of 47.89, a price-to-earnings-growth ratio of 0.14 and a beta of 1.36. The company has a debt-to-equity ratio of 32.68, a current ratio of 1.23 and a quick ratio of 0.54. The company’s fifty day moving average price is C$466.85 and its two-hundred day moving average price is C$488.95. Celestica has a 52-week low of C$330.79 and a 52-week high of C$655.50.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The company reported C$3.61 earnings per share (EPS) for the quarter. The company had revenue of C$6.68 billion during the quarter. Celestica had a net margin of 7.16% and a return on equity of 50.64%. On average, analysts expect that Celestica will post 5.03 EPS for the current year.

About Celestica

Celestica is a technology leader dedicated to driving customer success and market advancements. With deep expertise in design, engineering, manufacturing, supply chain, and platform solutions, Celestica enables critical data center infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. With a talented team and a strategic global network, Celestica helps its customers achieve competitive advantages.