Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Celestica Inc (NYSE: CLS) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Celestica Inc (NYSE: CLS) stock closed at $89.16 on 11/22/24 after a decline of -2.5%. Moreover, this decline was accompanied by above average trading volume at 141% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 10.8% during the last week.
Current PriceTarget Research Rating
Celestica has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Celestica has a slightly negative Appreciation Score of 35 but a very high Power Rating of 91, producing the High Neutral Value Trend Rating.
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