Celestica (TSE:CLS) Stock Price Down 5.2% – Here’s What Happened

Celestica Inc. (TSE:CLS) (NYSE:CLS) dropped 5.2% on Monday . The stock traded as low as C$365.57 and last traded at C$368.50. Approximately 118,977 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 544,351 shares. The stock had previously closed at C$388.66.

Analysts Set New Price Targets

CLS has been the topic of several analyst reports. TD Securities upgraded Celestica to a “hold” rating in a report on Wednesday, January 21st. Wolfe Research upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Five investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus target price of C$183.00.

Celestica Trading Down 8.3%

The business’s 50 day simple moving average is C$393.18 and its 200 day simple moving average is C$403.79. The stock has a market cap of C$40.98 billion, a price-to-earnings ratio of 49.79, a PEG ratio of 0.14 and a beta of 1.09. The company has a quick ratio of 0.54, a current ratio of 1.44 and a debt-to-equity ratio of 35.04.

Celestica (TSE:CLS) (NYSE:CLS) last released its quarterly earnings data on Wednesday, January 28th. The company reported C$2.59 earnings per share for the quarter. The company had revenue of C$5.02 billion for the quarter. Celestica had a net margin of 6.72% and a return on equity of 44.13%. On average, research analysts expect that Celestica Inc. will post 5.028804 EPS for the current fiscal year.

About Celestica

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.