Celestica Inc. (NYSE: CLS) is -8.54% lower on its value in year-to-date trading and has touched a low of $7.76 and a high of $13.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CLS stock was last observed hovering at around $9.94 in the last trading session, with the day’s gains setting it 0.24% off its average median price target of $12.25 for the next 12 months. It is also 27.29% off the consensus price target high of $14.00 offered by 9 analysts, but current levels are -1.8% lower than the price target low of $10.00 for the same period.
Currently trading at $10.18, the stock is 2.93% and -1.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 2.41% at the moment leaves the stock -6.72% off its SMA200. CLS registered 18.37% gain for a year compared to 6-month loss of -6.95%.
The stock witnessed a -1.07% gain in the last 1 month and extending the period to 3 months gives it a -3.69%, and is -1.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.10% over the week and 4.24% over the month.
Celestica Inc. (CLS) has around 23915 employees, a market worth around $1.29B and $5.97B in sales. Current P/E ratio is 11.10 and Fwd P/E is 7.27. Profit margin for the company is 1.90%. Distance from 52-week low is 31.19% and -24.03% from its 52-week high. The company has generated returns on investments over the last 12 months (6.00%).
Celestica Inc. (CLS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Celestica Inc. (CLS) is a “Hold”. 9 analysts offering their recommendations for the stock have an average rating of 3.00, where 7 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Celestica Inc. is expected to release its quarterly report on 10/27/2022.The EPS is expected to grow by 74.70% this year.
Celestica Inc. (CLS) Top Institutional Holders
The shares outstanding are 124.60M, and float is at 102.75M with Short Float at 0.26%.
Celestica Inc. (CLS) Insider Activity
A total of 143 insider transactions have happened at Celestica Inc. (CLS) in the last six months, with sales accounting for 72 and purchases happening 71 times.
Celestica Inc. (CLS): Who are the competitors?
The company’s main competitors (and peers) include Benchmark Electronics Inc. (BHE) that is trading -1.86% down over the past 12 months and Jabil Inc. (JBL) that is -0.67% lower over the same period. Flex Ltd. (FLEX) is -5.34% down on the 1-year trading charts.