Celestica (TSE:CLS) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Celestica Inc. (TSE:CLSGet Free Report) (NYSE:CLS) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$458.52 and traded as low as C$423.12. Celestica shares last traded at C$426.96, with a volume of 543,164 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CLS shares. TD upgraded shares of Celestica from a “hold” rating to a “buy” rating and raised their target price for the stock from C$350.00 to C$430.00 in a research note on Wednesday, April 29th. Susquehanna upgraded shares of Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, TD Securities raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Five research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy” and an average price target of C$367.50.

Get Our Latest Analysis on Celestica

Celestica Price Performance

The company has a 50-day simple moving average of C$513.86 and a 200-day simple moving average of C$458.26. The stock has a market cap of C$48.50 billion, a PE ratio of 51.13, a PEG ratio of 0.14 and a beta of 1.64. The company has a debt-to-equity ratio of 36.81, a current ratio of 1.26 and a quick ratio of 0.54.

Celestica (TSE:CLSGet Free Report) (NYSE:CLS) last issued its earnings results on Monday, April 27th. The company reported C$3.00 EPS for the quarter. Celestica had a net margin of 6.95% and a return on equity of 47.41%. The company had revenue of C$5.63 billion for the quarter. Sell-side analysts anticipate that Celestica Inc. will post 5.028804 EPS for the current fiscal year.

About Celestica

(Get Free Report)

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.

Recommended Stories

Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.