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NYSE:CLS

Celestica (CLS) Stock Price, News & Analysis

$53.83
+2.36 (+4.59%)
(As of 10/4/2024 08:49 PM ET)

About Celestica Stock (NYSE:CLS)

Key Stats

Today's Range
$52.25
$54.06
50-Day Range
$41.01
$55.99
52-Week Range
$20.87
$63.49
Volume
1.94 million shs
Average Volume
2.22 million shs
Market Capitalization
$6.40 billion
P/E Ratio
20.09
Dividend Yield
N/A
Price Target
$58.38
Consensus Rating
Moderate Buy

Company Overview

Celestica Inc. provides 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, new product introduction, engineering services, 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. It also provides hardware platform solutions, which includes development of infrastructure platforms, and hardware and software design solutions and services which is used as-is or customized for specific applications; and management of program including design and supply chain, manufacturing, and after-market support, including IT asset disposition and asset management services. The company offers its products and services to original equipment manufacturers, cloud-based, and other service providers, including hyperscalers, and other companies in aerospace and defense, industrial, HealthTech, capital equipment, and communication and enterprise markets. Celestica Inc. was incorporated in 1994 and is headquartered in Toronto, Canada.

Celestica Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
48th Percentile Overall Score

CLS MarketRank™: 

Celestica scored higher than 48% of companies evaluated by MarketBeat, and ranked 420th out of 664 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Celestica has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Celestica has only been the subject of 4 research reports in the past 90 days.

  • Read more about Celestica's stock forecast and price target.
  • Earnings Growth

    Earnings for Celestica are expected to grow by 11.49% in the coming year, from $3.22 to $3.59 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Celestica is 20.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.12.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Celestica is 20.09, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 232.62.

  • Price to Book Value per Share Ratio

    Celestica has a P/B Ratio of 3.62. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Celestica's valuation and earnings.
  • Percentage of Shares Shorted

    2.97% of the float of Celestica has been sold short.
  • Short Interest Ratio / Days to Cover

    Celestica has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Celestica has recently increased by 9.01%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Celestica does not currently pay a dividend.

  • Dividend Growth

    Celestica does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.97% of the float of Celestica has been sold short.
  • Short Interest Ratio / Days to Cover

    Celestica has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Celestica has recently increased by 9.01%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Celestica has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for Celestica this week, compared to 6 articles on an average week.
  • Search Interest

    Only 31 people have searched for CLS on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.
  • MarketBeat Follows

    13 people have added Celestica to their MarketBeat watchlist in the last 30 days. This is an increase of 63% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Celestica insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.00% of the stock of Celestica is held by insiders.

  • Percentage Held by Institutions

    67.38% of the stock of Celestica is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Celestica's insider trading history.
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CLS Stock News Headlines

Biden Deploys Phase 1 Fednow Digital Currency
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Celestica Inc. (NYSE:CLS) Short Interest Up 9.0% in September
See More Headlines

CLS Stock Analysis - Frequently Asked Questions

Celestica's stock was trading at $29.28 at the beginning of the year. Since then, CLS shares have increased by 83.8% and is now trading at $53.83.
View the best growth stocks for 2024 here
.

Celestica Inc. (NYSE:CLS) released its earnings results on Wednesday, July, 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.10. The firm's revenue for the quarter was up 23.3% compared to the same quarter last year.

Celestica's top institutional shareholders include Park Avenue Securities LLC (0.01%).

Shares of CLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Celestica investors own include Aurora Cannabis (ACB), Quantum (QTM), Ballard Power Systems (BLDP), Portland General Electric (POR), NVIDIA (NVDA), Shopify (SHOP) and AT&T (T).

Company Calendar

Last Earnings
7/24/2024
Today
10/06/2024
Next Earnings (Estimated)
10/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Printed circuit boards
Sub-Industry
N/A
Employees
26,554
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$58.38
High Stock Price Target
$70.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+8.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$244.60 million
Pretax Margin
5.00%

Debt

Sales & Book Value

Annual Sales
$8.78 billion
Cash Flow
$4.13 per share
Book Value
$14.87 per share

Miscellaneous

Free Float
117,618,000
Market Cap
$6.40 billion
Optionable
Optionable
Beta
2.28
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This page (NYSE:CLS) was last updated on 10/7/2024 by MarketBeat.com Staff
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