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Celestica (CLS) Gets a Buy Rating from Canaccord Genuity


Canaccord Genuity analyst Robert Young reiterated a Buy rating on Celestica (NYSE: CLS) on October 25 and set a price target of $13. The company’s shares closed yesterday at $9.97.

According to TipRanks.com, Young is ranked #403 out of 4873 analysts.

Currently, the analyst consensus on Celestica is a Moderate Buy with an average price target of $12.50, a 25.4% upside from current levels. In a report issued on October 10, Macquarie also upgraded the stock to Buy.

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The company has a one-year high of $12.59 and a one-year low of $9.11. Currently, Celestica has an average volume of 449.8K.

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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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