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Celestica (CLS) Stock Price, News & Analysis

Celestica logo
$86.96 +0.14 (+0.16%)
(As of 11/20/2024 ET)

About Celestica Stock (NYSE:CLS)

Key Stats

Today's Range
$84.71
$88.68
50-Day Range
$45.55
$86.96
52-Week Range
$25.83
$88.68
Volume
1.76 million shs
Average Volume
2.29 million shs
Market Capitalization
$10.31 billion
P/E Ratio
27.61
Dividend Yield
N/A
Price Target
$69.10
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
71st Percentile Overall Score

CLS MarketRank™: 

Celestica scored higher than 71% of companies evaluated by MarketBeat, and ranked 271st out of 648 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 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Celestica has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Celestica's stock forecast and price target.
  • 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 27.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Celestica is 27.61, 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 269.47.

  • Price to Book Value per Share Ratio

    Celestica has a P/B Ratio of 5.85. 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

    2.55% 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 1.4, 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 1.03%, indicating that investor sentiment is decreasing.
  • 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

    2.55% 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 1.4, 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 1.03%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Celestica has a news sentiment score of 1.39. 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 0.58 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Celestica this week, compared to 7 articles on an average week.
  • Search Interest

    58 people have searched for CLS on MarketBeat in the last 30 days. This is an increase of 49% compared to the previous 30 days.
  • MarketBeat Follows

    30 people have added Celestica to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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

Celestica: The Unsung AI Champion
This Bull Market Indicator called NVDA at $116
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Celestica (CLS) Receives a Buy from Barclays
Celestica Stock Is A Real AI Bargain Today
See More Headlines

CLS Stock Analysis - Frequently Asked Questions

Celestica's stock was trading at $29.28 at the start of the year. Since then, CLS stock has increased by 197.0% and is now trading at $86.96.
View the best growth stocks for 2024 here
.

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

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%).

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 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
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/03/2025

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
$69.10
High Stock Price Target
$91.00
Low Stock Price Target
$53.00
Potential Upside/Downside
-20.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
10 Analysts

Profitability

Net Income
$244.60 million
Pretax Margin
5.03%

Debt

Sales & Book Value

Annual Sales
$7.96 billion
Cash Flow
$4.03 per share
Book Value
$14.87 per share

Miscellaneous

Free Float
117,415,000
Market Cap
$10.31 billion
Optionable
Optionable
Beta
2.24

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This page (NYSE:CLS) was last updated on 11/21/2024 by MarketBeat.com Staff
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