Celestica (TSE:CLS) Share Price Passes Below 50-Day Moving Average – What’s Next?

Celestica Inc. (TSE:CLSGet Free Report) (NYSE:CLS) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$531.52 and traded as low as C$509.50. Celestica shares last traded at C$533.43, with a volume of 270,000 shares.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CLS. Susquehanna raised Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. TD upgraded Celestica from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$350.00 to C$430.00 in a research report on Wednesday, April 29th. Finally, TD Securities raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Five analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of “Strong Buy” and a consensus price target of C$367.50.

View Our Latest Stock Analysis on CLS

Celestica Price Performance

The company has a market capitalization of C$59.30 billion, a price-to-earnings ratio of 62.52, a PEG ratio of 0.14 and a beta of 1.61. The company’s 50 day simple moving average is C$531.99 and its 200-day simple moving average is C$451.53. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 36.81.

Celestica (TSE:CLSGet Free Report) (NYSE:CLS) last issued its quarterly earnings results on Monday, April 27th. The company reported C$3.00 earnings per share for the quarter. Celestica had a return on equity of 47.41% and a net margin of 6.95%.The company had revenue of C$5.63 billion during the quarter. On average, equities research analysts predict that Celestica Inc. will post 5.028804 earnings per share for the current fiscal year.

Celestica Company Profile

(Get Free Report)

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.

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