Alert: Positive Fundamental Signals (11/28/23)-Celestica Inc (NYSE: CLS)


Celestica Inc (NYSE: CLS). Extremely significant positive changes in fundamentals have recently occurred: the consensus estimate for December, 2023 increased significantly, significant quarterly sales acceleration occurred, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, CLS is expected to continue to be an important Value Builder.

Celestica has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Celestica has a neutral Appreciation Score of 54 but a very high Power Rating of 99, and the Highest Value Trend Rating results.

Recent Price Action

On 11/28/23, Celestica Inc (NYSE: CLS) stock declined slightly by -0.2%, closing at $26.99. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.8% during the last week.

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