Celestica (TSE:CLS) Price Target Raised to C$14.50

Celestica (TSE:CLS) (NYSE:CLS) had its price target lifted by CIBC from C$12.50 to C$14.50 in a research report released on Thursday, Stock Target Advisor reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada increased their price target on Celestica from C$12.50 to C$14.00 and gave the company a sector perform rating in a research note on Thursday. TD Securities increased their price target on Celestica to C$12.00 and gave the stock a hold rating in a report on Wednesday, July 28th.

Celestica stock opened at C$11.97 on Thursday. Celestica has a 1-year low of C$7.73 and a 1-year high of C$12.58. The company has a market cap of C$1.30 billion and a P/E ratio of 13.93. The company has a fifty day simple moving average of C$11.00 and a 200 day simple moving average of C$10.51. The company has a current ratio of 1.72, a quick ratio of 0.94 and a debt-to-equity ratio of 39.69.

Celestica (TSE:CLS) (NYSE:CLS) last posted its earnings results on Monday, July 26th. The company reported C$0.37 EPS for the quarter, beating the consensus estimate of C$0.31 by C$0.06. The firm had revenue of C$1.75 billion during the quarter, compared to analyst estimates of C$1.70 billion. On average, equities research analysts forecast that Celestica will post 1.38 EPS for the current year.

About Celestica

Celestica Inc provides hardware platform and supply chain solutions in North America, Europe, and Asia. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

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