Should Investors Trust The Upside Potential In Celestica, Inc. (CLS)?

Celestica, Inc. (NYSE:CLS) currently has a daily average trading volume of 2.21M but it saw 3446043 shares traded in last market. With a market cap of 6.82B USD, the company’s current market price of $57.47 came rising about 2.63 while comparing to the previous closing price of $56.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $64.56 and as low as $20.87. In the recent trading on the day, stock has struck highest price mark of $55.3001 while lowest mark touched by it was $57.71.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Stifel which upgraded the stock as “Buy” in its note to investors issued on September 09, 2024, recommending a price target of $58 for it.

Over the week, CLS’s stock price is moving -1.63% down while it is 14.96% when we observe its performance for the past one month. Year-to-date it is 96.28% up and over the past year, the stock is showing an upside performance of 123.53%.

Currently, Celestica, Inc.’s total number of outstanding shares is 119.00M. Company’s return on investment (ROI) stands at 13.58% and return on equity (ROE) at 20.99%. It has a price to earnings ratio (P/E ratio) of 18.77 while having a 14.11 of forward P/E ratio. Stock’s beta reads 2.29. Stock has a price to book (P/B) ratio of 3.79 while price to sale or P/S ratio amounts to 0.78. Its return on asset (ROA) is 6.43% on average.