Celestica, Inc. [NYSE: CLS] price surged by 1.14 percent to reach at $0.57.
The one-year CLS stock forecast points to a potential upside of 21.12. The average equity rating for CLS stock is currently 1.73, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Celestica, Inc. [CLS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLS shares is $64.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLS stock is a recommendation set at 1.73. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Fox Advisors have made an estimate for Celestica, Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 15, 2024. The new note on the price target was released on April 26, 2024, representing the official price target for Celestica, Inc. stock. On July 28, 2023, analysts increased their price target for CLS shares from 14 to 22.
The Average True Range (ATR) for Celestica, Inc. is set at 2.43, with the Price to Sales ratio for CLS stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 3.33, with the Price to Cash per share for the same quarter was set at 3.66. Price to Free Cash Flow for CLS in the course of the last twelve months was 21.61 with Quick ratio for the last quarter at 0.86.
CLS Stock Performance Analysis:
Celestica, Inc. [CLS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.95. With this latest performance, CLS shares dropped by -3.57% in over the last four-week period, additionally plugging by 18.90% over the last 6 months – not to mention a rise of 120.44% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CLS stock in for the last two-week period is set at 45.63, with the RSI for the last a single of trading hit 44.00, and the three-weeks RSI is set at 46.52 for Celestica, Inc. [CLS]. The present Moving Average for the last 50 days of trading for this stock 54.03, while it was recorded at 51.01 for the last single week of trading, and 43.62 for the last 200 days.
Insight into Celestica, Inc. Fundamentals:
Celestica, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.86 and a Current Ratio set at 1.47.
CLS Stock EPS
With the latest financial reports released by the company, Celestica, Inc. posted 0.65/share EPS, while the average EPS was predicted by analysts to be reported at 0.6/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CLS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Celestica, Inc. go to 26.80%.
Celestica, Inc. [CLS] Institutonal Ownership Details
There are presently around $81.75%, or 82.57%% of CLS stock, in the hands of institutional investors. The top three institutional holders of CLS stocks are: CAUSEWAY CAPITAL MANAGEMENT LLC with ownership of 0.24 million shares, which is approximately 0.2001%. CALDWELL INVESTMENT MANAGEMENT LTD., holding 0.12 million shares of the stock with an approximate value of $$7.15 million in CLS stocks shares; and CALDWELL INVESTMENT MANAGEMENT LTD., currently with $$3.53 million in CLS stock with ownership which is approximately 0.1013%.
