Celestica (TSE:CLS) Sets New 12-Month Low – Here’s Why

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as C$323.50 and last traded at C$330.00, with a volume of 479,146 shares. The stock had previously closed at C$363.50.

Wall Street Analyst Weigh In

CLS has been the topic of a number of research analyst reports. Scotiabank upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, August 11th. Sanford C. Bernstein raised Celestica to a “strong-buy” rating in a report on Wednesday, September 30th. UBS Group upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a C$430.00 target price for the company in a report on Monday, August 24th. Finally, FBN Securities upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, September 15th. Seven investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and an average price target of C$430.00.

Celestica Stock Up 1.3%

The company has a quick ratio of 0.54, a current ratio of 1.61 and a debt-to-equity ratio of 13.18. The business’s 50-day moving average is C$449.41 and its 200-day moving average is C$458.27. The company has a market capitalization of C$36.84 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 0.14 and a beta of 1.09.

Celestica (TSE:CLS) (NYSE:CLS) last announced its earnings results on Monday, October 26th. The company reported C$4.70 earnings per share (EPS) for the quarter. The business had revenue of C$8.30 billion for the quarter. Celestica had a net margin of 6.83% and a return on equity of 38.32%. As a group, equities analysts predict that Celestica Inc. will post 5.03 earnings per share for the current year.

About Celestica

Celestica is a technology leader dedicated to driving customer success and market advancements. With deep expertise in design, engineering, manufacturing, supply chain, and platform solutions, Celestica enables critical data center infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. With a talented team and a strategic global network, Celestica helps its customers achieve competitive advantages.