Celestica (TSE:CLS) Trading Down 12.8% – Should You Sell?

Celestica Inc. (TSE:CLS – Get Free Report) (NYSE:CLS) shares dropped 12.8% during mid-day trading on Thursday . The company traded as low as C$431.01 and last traded at C$443.66. Approximately 431,362 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 479,415 shares. The stock had previously closed at C$508.54.

Analysts Set New Price Targets

CLS has been the subject of several recent analyst reports. TD raised Celestica from a “hold” rating to a “buy” rating and raised their target price for the stock from C$350.00 to C$430.00 in a research report on Wednesday, April 29th. TD Securities raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Five investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Strong Buy” and an average target price of C$367.50.

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Celestica Price Performance

The stock’s 50-day moving average is C$503.58 and its 200 day moving average is C$463.25. The stock has a market capitalization of C$51.00 billion, a PE ratio of 53.76, a P/E/G ratio of 0.14 and a beta of 1.53. The company has a quick ratio of 0.54, a current ratio of 1.23 and a debt-to-equity ratio of 39.57.

Celestica (TSE:CLS – Get Free Report) (NYSE:CLS) last released its earnings results on Monday, July 27th. The company reported C$3.61 earnings per share (EPS) for the quarter. Celestica had a net margin of 7.15% and a return on equity of 50.28%. The company had revenue of C$6.68 billion during the quarter. As a group, equities analysts predict that Celestica Inc. will post 5.028804 earnings per share for the current year.

Celestica Company Profile

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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.

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