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

Key Points

• Celestica shares dipped below its 200‑day moving average
• Analysts have recently upgraded the stock (five Strong Buys, one Buy, one Hold), leaving a MarketBeat consensus rating of Strong Buy with a consensus target price of C$183.00.
• Recent results showed C$2.59 EPS on C$5.02 billion in quarterly revenue; the shares trade at a P/E of 51.56 and a market cap of C$42.42 billion.

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS's stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$392.39 and traded as low as C$352.83. Celestica shares last traded at C$369.19, with a volume of 384,596 shares changing hands.

Analyst Ratings Changes

CLS has been the subject of several research analyst reports. Citigroup upgraded Celestica from a "hold" rating to a "strong-buy" rating in a report on Monday, November 10th. Wolfe Research upgraded shares of Celestica to a "strong-buy" rating in a research note on Tuesday, February 17th. Finally, TD Securities upgraded shares of Celestica to a "hold" rating in a research report on Wednesday, January 21st. Five research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Buy" and a consensus target price of C$183.00.

Celestica Price Performance

The firm has a 50 day moving average price of C$408.33 and a 200 day moving average price of C$392.39. 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 has a market cap of C$42.42 billion, a P/E ratio of 51.56, a P/E/G ratio of 0.14 and a beta of 1.35.

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

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