On May 26, 2023, RBC Capital reaffirmed its “Sector Perform” rating on Celestica, a leading provider of supply chain solutions, and maintained its price target of $14. This announcement comes on the heels of the company’s impressive Q1 earnings report and higher full-year 2023 outlook, indicating a positive outlook for the company’s future.
Interestingly, RBC Capital analyst Maxim Matushansky had previously lowered the price target from $15 to $14 in April 2023, but has now decided to keep it steady. Celestica’s stock currently has a “hold” rating from Citigroup Corp. with a price target of $14 and a “buy” rating from BMO Capital with a price target of $15.5, indicating mixed opinions among analysts.
CLS Stock Rises on Impressive Earnings Growth: Undervalued and Trading at a Discount
On May 26, 2023, CLS stock opened at $11.82, higher than the previous close of $11.63, with a day’s range of $11.82 to $12.65 and a volume of 71,009. The market capitalization of CLS stood at $1.4 billion. CLS has reported impressive earnings growth over the past year, with a growth rate of 43.67%, and a revenue growth of 28.67% in the previous year. The P/E ratio of CLS stands at 10.1, indicating that the stock is undervalued relative to its earnings. The price/sales ratio of 0.19 and price/book ratio of 0.83 suggest that the stock is trading at a discount relative to its sales and book value. On May 26, 2023, CLS saw a modest increase of $0.19 or 1.63% to close at $11.82. The company’s next reporting date is on July 24, 2023, with an EPS forecast of $0.48.
Celestica Incs Stock Performance: Analysts Predict 11.38% Increase in 12 Months
Celestica Inc, a Canadian multinational electronics manufacturing services company, has been in the news lately due to its stock performances. On May 26, 2023, the company’s stock closed at $12.57, and according to data from CNN Money, six analysts have offered 12-month price forecasts for the company. The median target price is $14.00, indicating a potential increase of 11.38% from the current price.
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