Canaccord Genuity Thinks Celestica’s Stock is Going to Recover

Canaccord Genuity analyst Robert Young reiterated a Buy rating on Celestica (CLS) on February 1 and set a price target of $11. The company’s shares closed yesterday at $8.01, close to its 52-week low of $7.53.

According to, Young is ranked #429 out of 5156 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Celestica with a $10.40 average price target, which is a 29.8% upside from current levels. In a report issued on January 31, CIBC also reiterated a Buy rating on the stock.

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Celestica’s market cap is currently $1.12B and has a P/E ratio of 11.14. The company has a Price to Book ratio of 0.87.

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Celestica, Inc. engages in the provision of supply chain solutions globally to original equipment manufacturers and service providers in the communications, consumer, computing and diversified end markets. The company offers 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. It offers end of applications, including servers, networking, wireless and telecommunications equipment, storage devices, optical equipment, aerospace and defense electronics, such as in-flight entertainment and guidance systems, healthcare products for diagnostic imaging, audiovisual equipment, set top boxes, printer supplies, peripherals, semiconductor equipment, industrial and green technology electronic equipment, including solar panels and inverters. Celestica was founded in 1994 and is headquartered in Toronto, Canada.

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