Celestica, Inc (NYSE:CLS) has a beta value of 2.25 and has seen 8.51 million shares traded in the last trading session. The company, currently valued at $10.99B, closed the last trade at $94.48 per share which meant it gained $7.12 on the day or 8.15% during that session. The CLS stock price is -38.9% off its 52-week high price of $131.23 and 66.32% above the 52-week low of $31.82. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.07 million shares traded. The 3-month trading volume is 2.55 million shares.
The consensus among analysts is that Celestica, Inc (CLS) is Buy stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 9 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight.
Celestica, Inc (NYSE:CLS) trade information
Sporting 8.15% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CLS stock price touched $94.48 or saw a rise of 28.0%. Year-to-date, Celestica, Inc shares have moved 2.36%, while the 5-day performance has seen it change -20.00%. Over the past 30 days, the shares of Celestica, Inc (NYSE:CLS) have changed -3.13%. Short interest in the company has seen 2.71 million shares shorted with days to cover at 1.43.
Wall Street analysts have a consensus price target for the stock at $73.5, which means that the shares’ value could drop -28.54% from current levels. The projected low price target is $72.0 while the price target rests at a high of $75.0. In that case, then, we find that the current price level is 20.62% off the targeted high while a plunge would see the stock lose 23.79% from current levels.
Celestica, Inc (CLS) estimates and forecasts
Figures show that Celestica, Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 79.38% over the past 6 months, with this year growth rate of 61.32%, compared to 30.90% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 23.48% over the past 5 years.
CLS Dividends
Celestica, Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Celestica, Inc (NYSE:CLS)’s Major holders
Insiders own 1.04% of the company shares, while shares held by institutions stand at 79.29% with a share float percentage of 80.12%. Investors are also buoyed by the number of investors in a company, with Celestica, Inc having a total of 535.0 institutions that hold shares in the company. The top two institutional holders are CAUSEWAY CAPITAL MANAGEMENT LLC with over 0.24 million shares worth more than $13.64 million. As of 2024-06-30, CAUSEWAY CAPITAL MANAGEMENT LLC held 0.2001% of shares outstanding.
The other major institutional holder is CALDWELL INVESTMENT MANAGEMENT LTD., with the holding of over 0.12 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.15 million and represent 0.105% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Stock Index-Total Intl Stock Indx and DFA International Small Cap Value Portfolio . As of Oct 31, 2024 , the former fund manager holds about 1.42% shares in the company for having 1.64 shares of worth $155.23 million while later fund manager owns 1.24 shares of worth $117.1 million as of Oct 31, 2024 , which makes it owner of about 1.07% of company’s outstanding stock.
