While Celestica, Inc has overperformed by 0.18%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CLS rose by 209.21%, with highs and lows ranging from $87.99 to $25.83, whereas the simple moving average jumped by 64.89% in the last 200 days.
On November 05, 2024, Barclays started tracking Celestica, Inc (NYSE: CLS) recommending Overweight. A report published by Stifel on September 09, 2024, Upgraded its rating to ‘Buy’ for CLS. Fox Advisors also rated CLS shares as ‘Overweight’, setting a target price of $60 on the company’s shares in an initiating report dated May 15, 2024. TD Securities July 28, 2023d its ‘Hold’ rating to ‘Buy’ for CLS, as published in its report on July 28, 2023. RBC Capital Mkts’s report from July 28, 2023 suggests a price prediction of $22 for CLS shares, giving the stock a ‘Outperform’ rating. CIBC also rated the stock as ‘Sector Outperform’.
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Analysis of Celestica, Inc (CLS)
Further, the quarter-over-quarter increase in sales is 22.33%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Celestica, Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 21.21% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.87, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CLS is recording an average volume of 2.22M. On a monthly basis, the volatility of the stock is set at 4.37%, whereas on a weekly basis, it is put at 4.47%, with a gain of 6.01% over the past seven days. Furthermore, long-term investors anticipate a median target price of $74.20, showing decline from the present price of $86.98, which can serve as yet another indication of whether CLS is worth investing in or should be passed over.
How Do You Analyze Celestica, Inc Shares?
A leading company in the Electronic Components sector, Celestica, Inc (CLS) is based in the Canada. When comparing Celestica, Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 27.50, there is a growth in quarterly earnings of 15.00%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.65%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 77.08% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CLS shares are owned by institutional investors to the tune of 77.08% at present.
