Celestica (TSE:CLS) Hits New 1-Year Low – Should You Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS) shares reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as C$323.50 and last traded at C$330.00, with a volume of 479,146 shares changing hands. The stock had previously closed at C$363.50.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Scotiabank raised Celestica to a “strong-buy” rating in a research report on Tuesday, August 11th. UBS Group raised Celestica from a “hold” rating to a “buy” rating and set a C$430.00 price target on the stock in a research report on Monday, August 24th. Sanford C. Bernstein raised Celestica to a “strong-buy” rating in a research note on Wednesday, September 30th. Finally, FBN Securities upgraded Celestica to a “strong-buy” rating in a research report on Tuesday, September 15th. Seven research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy” and a consensus price target of C$430.00.

Celestica Trading Down 9.3%

The company has a market cap of C$41.58 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 0.14 and a beta of 1.36. The company’s 50 day moving average price is C$454.03 and its 200 day moving average price is C$459.53. The company has a debt-to-equity ratio of 13.18, a quick ratio of 0.54 and a current ratio of 1.61.

Celestica (TSE:CLS) (NYSE:CLS) last posted its earnings results on Monday, October 26th. The company reported C$4.70 EPS for the quarter. Celestica had a net margin of 6.83% and a return on equity of 38.32%. The firm had revenue of C$8.30 billion for the quarter. Research analysts anticipate that Celestica Inc. will post 5.03 EPS for the current year.

Celestica Company Profile

Celestica is a technology leader dedicated to driving customer success and market advancements. With deep expertise in design, engineering, manufacturing, supply chain, and platform solutions, Celestica enables critical data center infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. With a talented team and a strategic global network, Celestica helps its customers achieve competitive advantages.