Celestica (TSE:CLS) Trading Down 7.8% – Should You Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS) dropped 7.8% on Friday . The company traded as low as C$444.14 and last traded at C$446.62. Approximately 228,144 shares were traded during trading, a decline of 75% from the average daily volume of 897,693 shares. The stock had previously closed at C$484.37.

Analysts Set New Price Targets

CLS has been the subject of a number of recent analyst reports. TD Securities upped their price objective on shares of Celestica from C$238.00 to C$305.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. The Goldman Sachs Group upgraded Celestica to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Citigroup upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Five research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica presently has a consensus rating of “Strong Buy” and an average price target of C$171.50.

Celestica Price Performance

The stock has a market capitalization of C$48.52 billion, a P/E ratio of 68.58, a price-to-earnings-growth ratio of 0.14 and a beta of 1.47. The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54. The company’s 50-day simple moving average is C$428.82 and its 200-day simple moving average is C$314.91.

Celestica (TSE:CLS) (NYSE:CLS) last released its quarterly earnings data on Monday, October 27th. The company reported C$1.58 earnings per share for the quarter. The company had revenue of C$4.45 billion for the quarter. Celestica had a net margin of 4.08% and a return on equity of 21.24%. As a group, sell-side analysts expect that Celestica Inc. will post 5.028804 EPS for the current fiscal 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.