Could Celestica Inc Recover After Today’s Huge Decline?

 Could Celestica Inc Recover After Today's Huge Decline?

The stock of Celestica Inc (TSE:CLS) is a huge mover today! About 66,374 shares traded hands. Celestica Inc (TSE:CLS) has risen 14.85% since March 30, 2016 and is uptrending. It has outperformed by 13.64% the S&P500.
The move comes after 6 months negative chart setup for the $1.95B company. It was reported on Nov, 3 by Barchart.com. We have $15.23 PT which if reached, will make TSE:CLS worth $97.50 million less.

Celestica Inc (TSE:CLS) Ratings Coverage

Out of 2 analysts covering Celestica Inc. (TSE:CLS), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $17 is the highest target while $16 is the lowest. The $16.50 average target is 2.93% above today’s ($16.03) stock price. Celestica Inc. has been the topic of 4 analyst reports since July 28, 2015 according to StockzIntelligence Inc.

Celestica Inc. is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The company has a market cap of $1.95 billion. The Firm operates in electronics manufacturing services business segment. It has a 13.69 P/E ratio. The Firm offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.

CLS.TO Company Profile

Celestica Inc., incorporated on September 27, 1996, is a well-known provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The Firm operates in electronics manufacturing services business segment. The Firm offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services. The Company’s services and products serve a range of applications, including servers; networking and telecommunications equipment; storage systems; optical equipment; aerospace and defense electronics; healthcare products and applications; semiconductor equipment, and a range of industrial and alternative energy products, including solar panels and inverters.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment