Extremely meaningful positive changes in fundamentals have recently occurred for Celestica Inc (NYSE: CLS): 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.
. Positive development: the stock’s recent price rise disrupted its longer term downtrend. Negative development: negative upside/downside volume developed.
In light of these very positive signals we are reviewing our current Overall Rating of A. 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 A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Celestica has a neutral Appreciation Score of 46 but a very high Power Rating of 98, and the Highest Value Trend Rating results.
Recent Price Action
On 9/11/24, Celestica Inc (NYSE: CLS) stock enjoyed a large increase of 4.2%, closing at $45.32. NORMAL trading volume accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.4% during the last week.
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