On 10/24/24, Celestica Inc (NYSE: CLS) stock enjoyed a major increase of 18.2%, closing at $67.94. Moreover, exceptionally high trading volume at 367% of normal accompanied the advance. The stock has risen 16.3% during the last week and 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Celestica has a slightly negative Appreciation Score of 34 but a good Power Rating of 77, with the Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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