Q: What would be a reasonable price range to add some Celestica shares, considering the strong momentum and recent analyst upgrades ?
Is it prudent to add now or wait until it reports next week ?
Thank You
Is it prudent to add now or wait until it reports next week ?
Thank You
5i Research Answer:
We do not make decisions really on single quarterly reports. We think it is better for investors to take a long term view. Stocks are volatile around quarterly reports, of course, but it is better to look three to four years out. We would not CLS has not 'missed' since Q4 2019. The stock moves an absolute 11.6% on earnings. In Q! 2020 it jumped 18%. In Q4 2018 it fell 18%. We have no reason to expect any problems this quarter. We think $370 would make a good price.