Celestica, Inc (NYSE:CLS) has a beta value of 2.08 and has seen 1.53 million shares traded in the recent trading session. The company, currently valued at $9.01B, closed the recent trade at $77.67 per share which meant it lost -$5.02 on the day or -6.08% during that session. The CLS stock price is -85.75% off its 52-week high price of $144.27 and 48.18% above the 52-week low of $40.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.65 million shares traded. The 3-month trading volume is 4.71 million shares.
The consensus among analysts is that Celestica, Inc (CLS) is Buy stock at the moment, with a recommendation rating of 1.47. 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. The expected earnings per share for the stock is 1.11.
Celestica, Inc (NYSE:CLS) trade information
Sporting -6.08% in the red today, 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 $77.67 or saw a rise of 22.72%. Year-to-date, Celestica, Inc shares have moved -15.86%, while the 5-day performance has seen it change -22.32%. Over the past 30 days, the shares of Celestica, Inc (NYSE:CLS) have changed -27.45%. Short interest in the company has seen 2.87 million shares shorted with days to cover at 0.56.
Wall Street analysts have a consensus price target for the stock at $140, which means that the shares’ value could jump 44.52% from the levels at last check today.. The projected low price target is $72.0 while the price target rests at a high of $140.0. In that case, then, we find that the latest price level in today’s session is -80.25% off the targeted high while a plunge would see the stock lose 7.3% from the levels at last check today..
Celestica, Inc (CLS) estimates and forecasts
The company’s shares have gained 49.10% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 12.22%.
8 analysts offering their estimates for the company have set an average revenue estimate of 2.56B for the current quarter. 8 have an estimated revenue figure of 2.61B for the next ending quarter. Year-ago sales stood 2.21B and 2.39B respectively for this quarter and the next, and analysts expect sales will grow by 15.78% for the current quarter and 12.22% for the next.
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 46.52% over the past 5 years. Earnings growth for 2025 is a modest 24.26% while over the next 5 years, the company’s earnings are expected to increase by 22.05%.
CLS Dividends
Celestica, Inc is expected to release its next earnings report on 2025-Jan-29 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 0.99% of the company shares, while shares held by institutions stand at 80.24% with a share float percentage of 81.04%. Investors are also buoyed by the number of investors in a company, with Celestica, Inc having a total of 622.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 9.25 million shares worth more than $529.93 million. As of 2024-06-30, FMR LLC held 7.7886% of shares outstanding.
The other major institutional holder is WHALE ROCK CAPITAL MANAGEMENT LLC, with the holding of over 7.49 million shares as of 2024-06-30. The firm’s total holdings are worth over $429.52 million and represent 6.3065% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund and SMALLCAP WORLD FUND INC . As of Oct 31, 2024 , the former fund manager holds about 1.42% shares in the company for having 1.64 shares of worth $127.13 million while later fund manager owns 1.31 shares of worth $101.63 million as of Dec 31, 2024 , which makes it owner of about 1.13% of company’s outstanding stock.
