Celestica (TSE:CLS) Shares Cross Below 200-Day Moving Average - Should You Sell?

Key Points

• Celestica shares dropped below their 200-day moving average
• Analysts still show a Strong Buy consensus (five Strong Buy, one Buy, one Hold) according to MarketBeat, with an average price target of C$183.00 as reported.
• Recent fundamentals include quarterly EPS of C$2.59, revenue of C$5.02 billion and a 44.13% ROE, while valuation and liquidity metrics show a P/E of 50.46, PEG of 0.14 and a quick ratio of 0.54.

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$395.65 and traded as low as C$350.20. Celestica shares last traded at C$361.28, with a volume of 415,433 shares changing hands.

Analysts Set New Price Targets

CLS has been the topic of several recent research reports. TD Securities upgraded shares of Celestica to a "hold" rating in a research report on Wednesday, January 21st. Wolfe Research raised shares of 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 assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Strong Buy" and an average price target of C$183.00.

Celestica Stock Down 0.0%

The company has a quick ratio of 0.54, a current ratio of 1.44 and a debt-to-equity ratio of 35.04. The stock's 50-day simple moving average is C$401.76 and its 200 day simple moving average is C$395.65. The firm has a market cap of C$41.54 billion, a P/E ratio of 50.46, a PEG ratio of 0.14 and a beta of 1.09.

Celestica (TSE:CLS - Get Free Report) NYSE: CLS last posted its quarterly earnings data on Wednesday, January 28th. The company reported C$2.59 earnings per share for the quarter. Celestica had a return on equity of 44.13% and a net margin of 6.72%.The firm had revenue of C$5.02 billion during the quarter. As a group, research analysts forecast 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. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.

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