Celestica (CLS) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $89.52 to $98.05
• 50-Day Range: $55.98 to $99.19
• 52-Week Range: $26.62 to $100.51
• Volume: 2.06 million shs
• Average Volume: 2.28 million shs
• Market Capitalization: $11.11 billion
• P/E Ratio: 30.30
• Dividend Yield: N/A
• Price Target: $77.82
• Consensus Rating: Moderate Buy

Celestica Stock Analysis - MarketRank™

Celestica scored higher than 73% of companies evaluated by MarketBeat, and ranked 248th out of 652 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Celestica has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Celestica has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 17.44%

Earnings Growth

Earnings for Celestica are expected to grow by 17.44% in the coming year, from $3.44 to $4.04 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Celestica is 30.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Celestica is 30.30, 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 244.61.

Price to Book Value per Share Ratio

Celestica has a P/B Ratio of 6.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.59% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Celestica has recently decreased by 12.32%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Celestica does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.59% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Celestica has recently decreased by 12.32%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.07

News Sentiment

Celestica has a news sentiment score of 1.07. 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 0.66 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Celestica this week, compared to 8 articles on an average week.

Search Interest

Only 46 people have searched for CLS on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.

MarketBeat Follows

Only 23 people have added Celestica to their MarketBeat watchlist in the last 30 days. This is a decrease of -21% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

CLS Stock Analysis - Frequently Asked Questions

How have CLS shares performed this year?

Celestica's stock was trading at $29.28 at the beginning of the year. Since then, CLS shares have increased by 226.0% and is now trading at $95.45.
View the best growth stocks for 2024 here.

How were Celestica's earnings last quarter?

Celestica Inc. (NYSE:CLS) issued its earnings results on Wednesday, October, 23rd. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.11. The firm's revenue for the quarter was up 24.8% on a year-over-year basis.

Who are Celestica's major shareholders?

Top institutional investors of Celestica include Whale Rock Capital Management LLC (7.14%), FMR LLC (5.16%), Connor Clark & Lunn Investment Management Ltd. (2.65%) and WCM Investment Management LLC (1.86%).

How do I buy shares of Celestica?

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.

What other stocks do shareholders of Celestica own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Celestica investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), e.l.f. Beauty (ELF) and AppLovin (APP).

Company Calendar

• Last Earnings: 10/23/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Printed circuit boards
• Sub-Industry: N/A
• Current Symbol: NYSE:CLS
• CUSIP: N/A
• CIK: 1030894
• Web: www.celestica.com
• Phone: (416) 448-5800
• Fax: 416-448-2280
• Employees: 26,554
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $77.82
• High Stock Price Target: $110.00
• Low Stock Price Target: $53.00
• Potential Upside/Downside: -18.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.82
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.15
• Trailing P/E Ratio: 30.30
• Forward P/E Ratio: 27.75
• P/E Growth: N/A
• Net Income: $244.60 million
• Net Margins: 4.08%
• Pretax Margin: 5.03%
• Return on Equity: 21.58%
• Return on Assets: 6.54%

Debt

• Debt-to-Equity Ratio: 0.49
• Current Ratio: 1.47
• Quick Ratio: 0.87

Sales & Book Value

• Annual Sales: $9.24 billion
• Price / Sales: 1.20
• Cash Flow: $4.04 per share
• Price / Cash Flow: 23.64
• Book Value: $14.87 per share
• Price / Book: 6.42

Miscellaneous

• Outstanding Shares: 116,359,000
• Free Float: 115,195,000
• Market Cap: $11.11 billion
• Optionable: Optionable
• Beta: 2.27