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

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) fell 11.6% during mid-day 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 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 recently issued reports on CLS. Susquehanna upgraded shares of Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. TD Securities upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, TD upgraded shares of Celestica from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$350.00 to C$430.00 in a research note on Wednesday, April 29th. Six equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and a consensus target price of C$367.50.

Celestica Stock Down 7.2%

The stock has a fifty day moving average price of C$497.66 and a 200 day moving average price of C$441.76. The company has a debt-to-equity ratio of 36.81, a current ratio of 1.26 and a quick ratio of 0.54. The stock has a market capitalization of C$67.83 billion, a P/E ratio of 71.52, a price-to-earnings-growth ratio of 0.14 and a beta of 1.19.

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

About Celestica

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.