Celestica Inc (NYSE: CLS) stock closed at $56.84 on 7/17/24 after a major decline of -10.2%. Moreover, trading volume in this decline was exceptionally high at 223% of normal. The stock has declined -4.1% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CLS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Celestica has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Celestica has a slightly negative Appreciation Score of 38 but a very high Power Rating of 96, leading to the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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