Celestica - CLS Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Celestica in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CLS shares.
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6 Wall Street analysts have issued 1-year target prices for Celestica's shares. Their CLS share price forecasts range from $14.00 to $15.50. On average, they expect the company's share price to reach $14.58 in the next twelve months. This suggests a possible upside of 15.1% from the stock's current price.
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Celestica's stock was trading at $11.27 at the beginning of 2023. Since then, CLS shares have increased by 12.4% and is now trading at $12.67.
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Celestica saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 1,420,000 shares, an increase of 18.3% from the February 28th total of 1,200,000 shares. Based on an average trading volume of 440,700 shares, the days-to-cover ratio is presently 3.2 days. Approximately 1.4% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our CLS earnings forecast.

Celestica Inc. (NYSE:CLS) released its quarterly earnings results on Wednesday, January, 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The technology company earned $2.04 billion during the quarter, compared to analysts' expectations of $1.96 billion. Celestica had a trailing twelve-month return on equity of 14.91% and a net margin of 2.01%. The company's quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS.

iShares International Small Cap Equity Factor ETF holds 99,360 shares of CLS stock, representing 0.23% of its portfolio.

Celestica updated its first quarter 2023 earnings guidance on Thursday, January, 26th. The company provided EPS guidance of $0.41-$0.47 for the period, compared to the consensus earnings per share estimate of $0.40. The company issued revenue guidance of $1.73 billion-$1.88 billion, compared to the consensus revenue estimate of $1.72 billion.

94 employees have rated Celestica Chief Executive Officer Rob Mionis on Glassdoor.com. Rob Mionis has an approval rating of 63% among the company's employees. This puts Rob Mionis in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Celestica investors own include Aurora Cannabis (ACB), Quantum (QTM), Ballard Power Systems (BLDP), Portland General Electric (POR), NVIDIA (NVDA), Shopify (SHOP), AT&T (T), Advanced Micro Devices (AMD), Walt Disney (DIS) and Freeport-McMoRan (FCX).

Celestica trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLS."

Celestica's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Letko Brosseau & Associates Inc. (10.61%), Pzena Investment Management LLC (5.05%), Donald Smith & CO. Inc. (4.06%), Morgan Stanley (1.89%), Millennium Management LLC (1.84%) and Arrowstreet Capital Limited Partnership (1.65%).

Shares of CLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CLS stock can currently be purchased for approximately $12.67.

Celestica (NYSE:CLS) has a market capitalization of $1.54 billion and generates $7.25 billion in revenue each year. The technology company earns $145.50 million in net income (profit) each year or $1.18 on an earnings per share basis.

The company employs 26,324 workers across the globe.

Celestica's mailing address is 5140 YONGE STREET SUITE 1900, TORONTO A6, M2N 6L7. The official website for the company is www.celestica.com. The technology company can be reached via phone at (416) 448-5800, via email at clsir@celestica.com, or via fax at 416-448-2280.