Celestica Inc. (TSE:CLS – Get 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
Celestica (TSE:CLS – Get 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
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.
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