Celestica (TSE:CLS) Stock Price Down 7.8% – Here’s What Happened

Celestica Inc. (TSE:CLS) (NYSE:CLS) shares were down 7.8% during mid-day trading on Friday . The stock traded as low as C$444.14 and last traded at C$446.62. Approximately 228,144 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 897,693 shares. The stock had previously closed at C$484.37.

Analyst Ratings Changes

CLS has been the topic of a number of research analyst reports. TD Securities increased their price target on Celestica from C$238.00 to C$305.00 and gave the stock a “hold” rating in a report on Wednesday, October 29th. Citigroup upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Finally, The Goldman Sachs Group upgraded shares of Celestica to a “strong-buy” rating in a report on Thursday, October 16th. Five investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus target price of C$171.50.

Celestica Price Performance

The stock has a market capitalization of C$50.43 billion, a P/E ratio of 71.28, a price-to-earnings-growth ratio of 0.14 and a beta of 1.47. The business has a fifty day simple moving average of C$426.91 and a 200 day simple moving average of C$312.11. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72.

Celestica (TSE:CLS) (NYSE:CLS) last announced its earnings results on Monday, October 27th. The company reported C$1.58 earnings per share (EPS) for the quarter. The company had revenue of C$4.45 billion for the quarter. Celestica had a return on equity of 21.24% and a net margin of 4.08%. On average, analysts expect that Celestica Inc. will post 5.028804 earnings per share for the current year.

Celestica Company Profile

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.