Better Times Ahead For Celestica, Inc. (NYSE: CLS)?

Celestica, Inc. (CLS) concluded trading on Wednesday at a closing price of $58.42, with 2.95 million shares of worth about $172.54 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 30.93% during that period and on October 16, 2024 the price saw a loss of about -4.40%. Currently the company’s common shares owned by public are about 119.00M shares, out of which, 118.33M shares are available for trading.

Stock saw a price change of 0.55% in past 5 days and over the past one month there was a price change of 24.32%. Year-to-date (YTD), CLS shares are showing a performance of 99.52% which increased to 117.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.87 but also hit the highest price of $64.56 during that period. The average intraday trading volume for Celestica, Inc. shares is 2.25 million. The stock is currently trading 7.84% above its 20-day simple moving average (SMA20), while that difference is up 14.61% for SMA50 and it goes to 23.23% higher than SMA200.

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Celestica, Inc. (NYSE: CLS) currently have 119.00M outstanding shares and institutions hold larger chunk of about 81.04% of that.

The stock has a current market capitalization of $6.93B and its 3Y-monthly beta is at 2.29. PE ratio of stock for trailing 12 months is 19.08, while it has posted earnings per share of $3.06 in the same period. Its PEG reads 1.02 and has Quick Ratio of 0.86 while making debt-to-equity ratio of 0.53. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CLS, volatility over the week remained 5.58% while standing at 3.73% over the month.

Stock’s fiscal year EPS is expected to rise by 49.96% while it is estimated to increase by 11.74% in next year. EPS is likely to shrink at an annualized rate of 18.70% for next 5-years, compared to annual growth of 23.48% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on September 09, 2024 offering a Buy rating for the stock and assigned a target price of $58 to it. Coverage by Fox Advisors stated Celestica, Inc. (CLS) stock as an Overweight in their note to investors on May 15, 2024, suggesting a price target of $60 for the stock. Stock get an Outperform rating from RBC Capital Mkts on July 28, 2023.

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