Celestica (TSE:CLS) Stock Passes Below 200-Day Moving Average – What’s Next?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$399.87 and traded as low as C$364.21. Celestica shares last traded at C$369.27, with a volume of 847,415 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. TD Securities upgraded shares of Celestica to a “hold” rating in a research report on Wednesday, January 21st. Wolfe Research raised Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Five investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Celestica currently has a consensus rating of “Strong Buy” and an average target price of C$183.00.

Celestica Trading Down 5.5%

The company has a market capitalization of C$42.45 billion, a price-to-earnings ratio of 51.57, a P/E/G ratio of 0.14 and a beta of 1.09. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.54 and a current ratio of 1.44. The business’s 50-day simple moving average is C$397.20 and its 200-day simple moving average is C$400.74.

Celestica (TSE:CLS) (NYSE:CLS) last issued its quarterly earnings results on Wednesday, January 28th. The company reported C$2.59 EPS for the quarter. Celestica had a net margin of 6.72% and a return on equity of 44.13%. The company had revenue of C$5.02 billion during the quarter. On average, research analysts expect that Celestica Inc. will post 5.028804 earnings per share for the current fiscal 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.