Celestica (TSE:CLS) Stock Price Down 12.8% – Here’s What Happened

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s stock price was down 12.8% during trading on Thursday . The company traded as low as C$431.01 and last traded at C$443.66. Approximately 431,362 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 479,415 shares. The stock had previously closed at C$508.54.

Analyst Ratings Changes

CLS has been the subject of several recent research reports. TD Securities upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. TD upgraded Celestica from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$350.00 to C$430.00 in a report on Wednesday, April 29th. Five analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, Celestica currently has an average rating of “Strong Buy” and a consensus price target of C$367.50.

Celestica Stock Down 12.4%

The business’s fifty day moving average is C$506.20 and its two-hundred day moving average is C$463.34. The company has a market cap of C$51.25 billion, a P/E ratio of 54.02, a price-to-earnings-growth ratio of 0.14 and a beta of 1.53. The company has a debt-to-equity ratio of 39.57, a quick ratio of 0.54 and a current ratio of 1.23.

Celestica (TSE:CLS) (NYSE:CLS) last issued its earnings results on Monday, July 27th. The company reported C$3.61 EPS for the quarter. The business had revenue of C$6.68 billion for the quarter. Celestica had a net margin of 7.15% and a return on equity of 50.28%. Equities analysts predict that Celestica Inc. will post 5.028804 EPS for the current 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.