At the time of writing, Celestica, Inc. [CLS] stock is trading at $49.18, up 2.93%. An important factor to consider is whether the stock is rising or falling in short-term value. The CLS shares have gain 4.91% over the last week, with a monthly amount drifted -17.21%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Celestica, Inc. [NYSE: CLS] stock has seen the most recent analyst activity on May 15, 2024, when Fox Advisors initiated its Overweight rating and assigned the stock a price target of $60. Previously, CIBC downgraded its rating to Neutral on April 26, 2024. On July 28, 2023, upgrade upgraded it’s rating to Buy. RBC Capital Mkts upgraded its rating to a Outperform and increased its price target to $22 on July 28, 2023. CIBC upgraded its rating to a Sector Outperform and raised its price target to $25 on July 28, 2023. Argus upgraded its rating to Buy for this stock on August 18, 2022, but kept the price target unchanged to $14. In a note dated July 27, 2022, Citigroup upgraded an Neutral rating on this stock but restated the target price of $10.
For the past year, the stock price of Celestica, Inc. fluctuated between $20.22 and $63.49. Currently, Wall Street analysts expect the stock to reach $61.5 within the next 12 months. Celestica, Inc. [NYSE: CLS] shares were valued at $49.18 at the most recent close of the market. An investor can expect a potential return of 25.05% based on the average CLS price forecast.
Analyzing the CLS fundamentals
According to Celestica, Inc. [NYSE:CLS], the company’s sales were 8.78B for trailing twelve months, which represents an 23.33% jump. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.21 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 48.11 points at the first support level, and at 47.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.02, and for the 2nd resistance point, it is at 50.86.
Ratios To Look Out For
It is important to note that Celestica, Inc. [NYSE:CLS] has a current ratio of 1.47. On the other hand, the Quick Ratio is 0.86, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.66, the price to book ratio is 3.24 and price to earnings (TTM) ratio is 16.06.
