Celestica, Inc. (CLS) Stock Could Soon Reward Patient Investors

Celestica, Inc. (NYSE: CLS) is 32.04% higher on its value in year-to-date trading and has touched a low of $10.50 and a high of $37.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CLS stock was last observed hovering at around $37.54 in the last trading session, with the day’s gains setting it 1.12%.

Currently trading at $38.66, the stock is 19.16% and 29.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing 2.98% at the moment leaves the stock 75.87% off its SMA200. CLS registered 189.59% gain for a year compared to 6-month gain of 85.60%. The firm has a 50-day simple moving average (SMA 50) of $0.63 and a 200-day simple moving average (SMA200) of $9.22.

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The stock witnessed a 30.96% loss in the last 1 month and extending the period to 3 months gives it a 54.89%, and is 7.18% up 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 3.94% over the week and 4.47% over the month.

Current P/E ratio is 18.95 and Fwd P/E is 12.11. Profit margin for the company is 3.07%. Distance from 52-week low is 268.19% and 2.03% from its 52-week high. The company has generated returns on investments over the last 12 months (9.79%).

Celestica, Inc. quarterly earnings per share for the current quarter are estimated at $0.72 with sales reaching $2.1B over the same period.The EPS is expected to grow by 19.99% this year, but quarterly earnings will post 10.00% year-over-year. Quarterly sales are estimated to grow 14.20% in year-over-year returns.

Celestica, Inc. (CLS) Top Institutional Holders

335 institutions hold shares in Celestica, Inc. (CLS), with institutional investors hold 79.53% of the company’s shares. The shares outstanding are 118.95M, and float is at 117.30M with Short Float at 2.23%. Institutions hold 78.71% of the Float.

The top institutional shareholder in the company is Letko, Brosseau & Associates Inc. with over 12.0 million shares valued at $174.01 million. The investor’s holdings represent 10.06% of the CLS Shares outstanding. As of Jun 29, 2023, the second largest holder is Smith (Donald) & Company Inc. with 5.06 million shares valued at $73.42 million to account for 4.24% of the shares outstanding. The other top investors are Pzena Investment Management Llc which holds 4.76 million shares representing 3.99% and valued at over $69.08 million, while Acadian Asset Management. LLC holds 3.39% of the shares totaling 4.04 million with a market value of $58.62 million.

Celestica, Inc. (CLS) Insider Activity

A total of 9 insider transactions have happened at Celestica, Inc. (CLS) in the last six months, with sales accounting for 6 and purchases happening 3 times.

Celestica, Inc. (CLS): Who are the competitors?

The company’s main competitors (and peers) include Benchmark Electronics Inc. (BHE) that is trading 18.67% up over the past 12 months. Jabil Inc. (JBL) that is 66.39% higher over the same period.