In the latest trading session, 1.22 million Celestica, Inc (NYSE:CLS) shares changed hands as the company’s beta touched 2.20. With the company’s most recent per share price at $127.25 changing hands around $6.37 or 5.27% at last look, the market valuation stands at $14.81B. CLS’s current price is a discount, trading about -5.04% off its 52-week high of $133.66. The share price had its 52-week low at $35.56, which suggests the last value was 72.06% up since then. When we look at Celestica, Inc’s average trading volume, we note the 10-day average is 7.72 million shares, with the 3-month average coming to 3.13 million.
Analysts gave the Celestica, Inc (CLS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.46. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CLS as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Celestica, Inc’s EPS for the current quarter is expected to be 1.12.
Celestica, Inc (NYSE:CLS) trade information
Instantly CLS is in green as seen in intraday trades today. With action 34.68%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 37.87%, with the 5-day performance at 34.68% in the green. However, in the 30-day time frame, Celestica, Inc (NYSE:CLS) is 36.73% up. Looking at the short shares, we see there were 2.71 million shares sold at short interest cover period of 1.43 days.
The consensus price target for the stock as assigned by Wall Street analysts is 73.5, meaning bulls need a downside of -73.13% from its recent market value. According to analyst projections, CLS’s forecast low is 72 with 75 as the target high. To hit the forecast high, the stock’s price needs a 41.06% surge from its current level, while the stock would need to tank 43.42% for it to hit the projected low.
Celestica, Inc (CLS) estimates and forecasts
Data shows that the Celestica, Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 174.90% over the past 6 months, a 22.42% in annual growth rate that is considerably higher than the industry average of 21.80%. Year-over-year growth is forecast to reach 12.26% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 2.56B. 7 analysts are of the opinion that Celestica, Inc’s revenue for the current quarter will be 2.6B. The company’s revenue for the corresponding quarters a year ago was 2.21B and 2.39B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.00%. The estimates for the next quarter sales put growth at 8.77%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 46.52%. The 2025 estimates are for Celestica, Inc earnings to increase by 24.28%, but the outlook for the next 5-year period is at 20.02% per year.
CLS Dividends
Celestica, Inc is expected to release its next quarterly earnings report in March.
Celestica, Inc (NYSE:CLS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.04% of Celestica, Inc shares while 78.94% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.77%. There are 78.94% institutions holding the Celestica, Inc stock share, with CAUSEWAY CAPITAL MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 0.2001% of the shares, roughly 0.24 million CLS shares worth $13.64 million.
CALDWELL INVESTMENT MANAGEMENT LTD. holds the second largest percentage of outstanding shares, with 0.105% or 0.12 million shares worth $7.15 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were Vanguard International Stock Index-Total Intl Stock Indx and DFA International Small Cap Value Portfolio. With 1.64 shares estimated at $208.74 million under it, the former controlled 1.42% of total outstanding shares. On the other hand, DFA International Small Cap Value Portfolio held about 1.07% of the shares, roughly 1.24 shares worth around $157.46 million.
