Celestica’s (CLS) Market Perform Rating Reiterated at BMO Capital Markets

Celestica Inc (TSE:CLS) (NYSE:CLS)‘s stock had its “market perform” rating reaffirmed by equities research analysts at BMO Capital Markets in a research report issued on Wednesday. They currently have a C$14.50 price target on the stock. BMO Capital Markets’ price target would suggest a potential downside of 6.51% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. TD Securities reissued a “hold” rating and issued a C$18.00 price target on shares of Celestica in a research note on Sunday, April 23rd. Scotiabank reissued a “sector perform” rating and issued a C$20.00 price target on shares of Celestica in a research note on Sunday, April 23rd. Finally, Royal Bank Of Canada boosted their price target on shares of Celestica from C$13.00 to C$20.00 and gave the company a “sector perform” rating in a research note on Friday, April 21st.

Shares of Celestica (TSE CLS) opened at 15.51 on Wednesday. Celestica has a 12 month low of $12.66 and a 12 month high of $19.94. The company has a market cap of $2.21 billion and a P/E ratio of 16.68. The stock’s 50 day moving average is $17.65 and its 200-day moving average is $18.17.

Celestica (TSE:CLS) (NYSE:CLS) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.98 billion. Celestica had a net margin of 1.55% and a return on equity of 7.28%. On average, equities analysts forecast that Celestica will post $1.27 EPS for the current year.

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Celestica Company Profile

Celestica Inc is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.

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