Celestica Inc. (TSE:CLS) Stock Has Average Price Target of C$430.00

Celestica Inc. (TSE:CLS) (NYSE:CLS) has earned an average rating of “Strong Buy” from the nine research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a buy rating and seven have issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$430.00.

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

Celestica Stock Performance

Celestica stock opened at C$292.16 on Monday. Celestica has a 52 week low of C$276.06 and a 52 week high of C$655.50. The firm has a market capitalization of C$36.84 billion, a PE ratio of 27.56, a PEG ratio of 0.14 and a beta of 1.09. The business’s 50-day simple moving average is C$446.46 and its 200-day simple moving average is C$457.58. The company has a debt-to-equity ratio of 13.18, a quick ratio of 0.54 and a current ratio of 1.61.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data on Monday, October 26th. The company reported C$4.70 EPS for the quarter. Celestica had a net margin of 6.83% and a return on equity of 38.32%. The business had revenue of C$8.30 billion during the quarter. Equities research analysts forecast that Celestica will post 5.03 earnings per share 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.