On 9/6/24, Celestica Inc (NYSE: CLS) stock suffered a major decline of -10.6%, closing at $41.03. Moreover, exceptionally high trading volume at 236% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -17.9% during the last week.
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 A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Celestica has a neutral Appreciation Score of 47 but a very high Power Rating of 99, triggering the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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