While Celestica, Inc has underperformed by -2.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CLS rose by 251.80%, with highs and lows ranging from $133.66 to $34.51, whereas the simple moving average jumped by 83.37% in the last 200 days.
On January 31, 2025, CIBC Upgraded Celestica, Inc (NYSE: CLS) to Sector Outperform. A report published by UBS on November 22, 2024, Initiated its previous ‘Neutral’ rating for CLS. Barclays also rated CLS shares as ‘Overweight’, setting a target price of $91 on the company’s shares in an initiating report dated November 05, 2024. Fox Advisors initiated its ‘Overweight’ rating for CLS, as published in its report on May 15, 2024. TD Securities also rated the stock as ‘Buy’.
Analysis of Celestica, Inc (CLS)
Further, the quarter-over-quarter increase in sales is 18.93%, showing a positive trend in the upcoming months.
Celestica, Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 24.27% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.91, 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and CLS is registering an average volume of 3.03M. On a monthly basis, the volatility of the stock is set at 6.91%, whereas on a weekly basis, it is put at 9.76%, with a gain of 38.37% over the past seven days. Furthermore, long-term investors anticipate a median target price of $137.09, showing growth from the present price of $120.88, 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 giant in the Electronic Components market, 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 32.23, there is a growth in quarterly earnings of 83.55%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. 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 0.64%. 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 75.65% 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 75.65% at present.
