Stock Rating Upgrade
The Value Trend Rating for Celestica Inc (NYSE: CLS) improved during the last several trading days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Celestica Inc (NYSE: CLS) stock closed at $85.24 on 11/29/24 after a large increase of 2.5%. However, exceptionally low trading volume at 42% of normal accompanied the advance. The stock has declined -2.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Celestica has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Celestica has a slightly negative Appreciation Score of 38 but a very high Power Rating of 89, leading to the Positive Value Trend Rating.
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