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

Celestica, Inc. (NYSE: CLS) is 56.66% higher on its value in year-to-date trading and has touched a low of $20.87 and a high of $63.49 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 $45.55 in the last trading session, with the day’s gains setting it 0.32%.

Currently trading at $45.87, the stock is -7.17% and -11.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 0.70% at the moment leaves the stock 3.22% off its SMA200. CLS registered 96.19% gain for a year compared to 6-month gain of 3.26%.

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The stock witnessed a -12.24% loss in the last 1 month and extending the period to 3 months gives it a -19.20%, and is 11.80% 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 4.17% over the week and 4.22% over the month.

Celestica, Inc. (CLS) has around 26554 employees, a market worth around $5.44B and $8.78B in sales. Current P/E ratio is 14.98 and Fwd P/E is 11.37. Profit margin for the company is 4.16%. Distance from 52-week low is 119.79% and -27.75% from its 52-week high. The company has generated returns on investments over the last 12 months (13.58%).

The EPS is expected to grow by 49.88% this year.

Celestica, Inc. (CLS) Top Institutional Holders

502.0 institutions hold shares in Celestica, Inc. (CLS), with institutional investors hold 82.63% of the company’s shares. The shares outstanding are 119.00M, and float is at 118.33M with Short Float at 2.72%. Institutions hold 81.81% of the Float.

The top institutional shareholder in the company is CAUSEWAY CAPITAL MANAGEMENT LLC with over 0.24 million shares valued at $13.64 million. The investor’s holdings represent 0.2001% of the CLS Shares outstanding. As of 2024-06-30, the second largest holder is CALDWELL INVESTMENT MANAGEMENT LTD. with 0.12 million shares valued at $7.15 million to account for 0.105 of the shares outstanding. The other top investors are GUYASUTA INVESTMENT ADVISORS INC which holds 0.12 million shares representing 0.1013% and valued at over $3.53 million, while TD WATERHOUSE CANADA INC. holds 0.075 of the shares totaling 89278.0 with a market value of $5.81 million.