Celestica (TSE:CLS) Stock Price Down 11.6% – Should You Sell?

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) fell 11.6% during trading on Thursday . The stock traded as low as C$558.00 and last traded at C$562.28. 95,720 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 520,659 shares. The stock had previously closed at C$636.06.

Analysts Set New Price Targets

Several brokerages have commented on CLS. Susquehanna upgraded shares of Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. TD Securities upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. TD upgraded shares of Celestica from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$350.00 to C$430.00 in a research note on Wednesday, April 29th. Finally, Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Six investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average target price of C$367.50.

Celestica Stock Performance

The business’s fifty day moving average price is C$497.66 and its two-hundred day moving average price is C$441.76. The company has a debt-to-equity ratio of 36.81, a quick ratio of 0.54 and a current ratio of 1.26. The stock has a market capitalization of C$67.83 billion, a P/E ratio of 71.52, a P/E/G ratio of 0.14 and a beta of 1.19.

Celestica (TSE:CLS) (NYSE:CLS) last posted its earnings results on Monday, April 27th. The company reported C$3.00 earnings per share for the quarter. Celestica had a net margin of 6.95% and a return on equity of 47.41%. The firm had revenue of C$5.63 billion for the quarter. As a group, sell-side analysts forecast that Celestica Inc. will post 5.028804 earnings per share for the current year.

Celestica Company Profile

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.