Celestica Inc (NYSE: CLS) has recently enjoyed extremely meaningful positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, the consensus estimate for December, 2025 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Celestica has a slightly negative Appreciation Score of 37 but a very high Power Rating of 99, with the Positive Value Trend Rating the result.
Recent Price Action
Celestica Inc (NYSE: CLS) stock enjoyed a large increase of 3.3% on 8/9/24. The stock closed at $47.78. However, trading volume in this advance was unusually low at 59% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.2% during the last week.
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