During the last session, Celestica, Inc (NYSE:CLS)’s traded shares were 5.56 million, with the beta value of the company hitting 2.03. At the end of the trading day, the stock’s price was $87.66, reflecting an intraday loss of -9.97% or -$9.71. The 52-week high for the CLS share is $144.27, that puts it down -64.58 from that peak though still a striking 54.08% gain since the share price plummeted to a 52-week low of $40.25. The company’s market capitalization is $10.17B, and the average intraday trading volume over the past 10 days was 3.57 million shares, and the average trade volume was 4.60 million shares over the past three months.
Celestica, Inc (CLS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.47. CLS has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.11.
Celestica, Inc (NYSE:CLS) trade information
Celestica, Inc (CLS) registered a -9.97% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -9.97% in intraday trading to $87.66, hitting a weekly high. The stock’s 5-day price performance is -4.63%, and it has moved by -17.39% in 30 days. Based on these gigs, the overall price performance for the year is 86.39%. The short interest in Celestica, Inc (NYSE:CLS) is 2.87 million shares and it means that shorts have 0.56 day(s) to cover.
The consensus price target of analysts on Wall Street is $140, which implies an increase of 37.39% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $72 and $140 respectively. As a result, CLS is trading at a discount of -59.71% off the target high and 17.86% off the low.
Celestica, Inc (CLS) estimates and forecasts
In the rating firms’ projections, revenue will increase 12.22% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.56B as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 2.61B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.21B and 2.39B respectively. In this case, analysts expect current quarter sales to grow by 15.78% and then jump by 9.11% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 46.52%. While earnings are projected to return 24.26% in 2025, the next five years will return 22.05% per annum.
CLS Dividends
Celestica, Inc is due to release its next quarterly earnings on 2025-Jan-29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Celestica, Inc (NYSE:CLS)’s Major holders
Celestica, Inc insiders own 0.99% of total outstanding shares while institutional holders control 80.25%, with the float percentage being 81.05%. FMR LLC is the largest shareholder of the company, while 622.0 institutions own stock in it. As of 2024-06-30, the company held over 9.25 million shares (or 7.7886% of all shares), a total value of $529.93 million in shares.
The next largest institutional holding, with 7.49 million shares, is of WHALE ROCK CAPITAL MANAGEMENT LLC’s that is approximately 6.3065% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $429.52 million.
Also, the Mutual Funds coming in first place with the largest holdings of Celestica, Inc (CLS) shares are Vanguard Total International Stock Index Fund and SMALLCAP WORLD FUND INC . Data provided on Oct 31, 2024 indicates that Vanguard Total International Stock Index Fund owns about 1.64 shares. This amounts to just over 1.42 percent of the company’s overall shares, with a $144.02 million market value. The same data shows that the other fund manager holds slightly less at 1.31, or about 1.13% of the stock, which is worth about $115.13 million.
