In today’s recent session, 1.05 million shares of the Celestica, Inc (NYSE:CLS) have been traded, and its beta is 2.03. Most recently the company’s share price was $100.55, and it changed around $4.6 or 4.79% from the last close, which brings the market valuation of the company to $11.66B. CLS at last check was trading at a discount to its 52-week high of $144.27, offering almost -43.48% off that amount. The share price’s 52-week low was $40.25, which indicates that the recent value has risen by an impressive 59.97% since then. We note from Celestica, Inc’s average daily trading volume that its 10-day average is 4.04 million shares, with the 3-month average coming to 4.53 million.
Celestica, Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.47. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 1 recommended CLS as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Celestica, Inc is expected to report earnings per share of 1.11 for the current quarter.
Celestica, Inc (NYSE:CLS) trade information
Instantly CLS has been showing a green trend so far today with a performance of 4.79% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 100.50 on recent trading daydecreased the stock’s daily price by -0.05%. The company’s shares are currently up 8.94% year-to-date, but still up 9.56% over the last five days. On the other hand, Celestica, Inc (NYSE:CLS) is -15.68% down in the 30-day period. We can see from the shorts that 2.63 million shares have been sold at a short interest cover period of 0.45 day(s).
The consensus price target as assigned by Wall Street analysts is $140, which translates to bulls needing to increase their stock price by 28.18% from its current value. Analyst projections state that CLS is forecast to be at a low of $72 and a high of $140.
Celestica, Inc (CLS) estimates and forecasts
The year-over-year growth rate is expected to be 12.22%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 2.56B in revenue for the current quarter. 8 analysts expect Celestica, Inc to make 2.61B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.21B and 2.39B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15.78%. Forecasts for the next quarter put sales growth at 9.11%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 46.52%. Celestica, Inc earnings are expected to increase by 24.26% in 2025, but the outlook is positive 22.05% per year for the next five years.
Celestica, Inc (NYSE:CLS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.99% of Celestica, Inc shares, and 80.29% of them are in the hands of institutional investors. The stock currently has a share float of 81.09%. Celestica, Inc stock is held by 624.0 institutions, with WHALE ROCK CAPITAL MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 6.3065% of the shares, which is about 7.49 million shares worth $429.52 million.
CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD., with 4.4787% or 5.32 million shares worth $304.73 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total International Stock Index Fund and SMALLCAP WORLD FUND INC were the top two Mutual Funds as of Oct 31, 2024. The former held 1.64 shares worth $165.94 million, making up 1.42% of all outstanding shares. On the other hand, SMALLCAP WORLD FUND INC held roughly 1.31 shares worth around $132.66 million, which represents about 1.13% of the total shares outstanding.
