TD Cowen upgraded shares of Celestica (NYSE:CLS – Free Report) (TSE:CLS) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has $430.00 target price on the technology company’s stock, up from their previous target price of $350.00.
A number of other equities research analysts also recently issued reports on the company. Canaccord Genuity Group increased their price objective on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Barclays increased their price objective on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup increased their price objective on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank Of Canada increased their price objective on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Zacks Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $427.42.
View Our Latest Analysis on Celestica
Celestica Stock Performance
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter last year, the business posted $1.20 earnings per share. The firm’s revenue was up 52.8% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, equities research analysts predict that Celestica will post 8.91 EPS for the current year.
Insider Buying and Selling at Celestica
In other Celestica news, President Jason Phillips sold 100,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the sale, the president owned 12,584 shares in the company, valued at $3,887,449.28. This trade represents a 88.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Todd C. Cooper sold 1,065 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total value of $301,938.15. Following the sale, the president owned 108,970 shares in the company, valued at $30,894,084.70. The trade was a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 297,923 shares of company stock worth $88,027,459 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.
Institutional Investors Weigh In On Celestica
A number of large investors have recently added to or reduced their stakes in the company. Pinney & Scofield Inc. raised its position in Celestica by 20.0% during the third quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after purchasing an additional 30 shares in the last quarter. Capital Planning LLC raised its position in Celestica by 3.2% during the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after purchasing an additional 32 shares in the last quarter. LeConte Wealth Management LLC raised its position in Celestica by 3.5% during the fourth quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock valued at $296,000 after purchasing an additional 34 shares in the last quarter. PCB Capital LLC grew its stake in shares of Celestica by 3.5% during the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after buying an additional 34 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after buying an additional 37 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.
Celestica News Summary
Here are the key news stories impacting Celestica this week:
- Positive Sentiment: Zacks upgraded Celestica to a Zacks Rank #1 (Strong Buy), boosting near‑term buying interest by highlighting stronger earnings prospects. All You Need to Know About Celestica (CLS) Rating Upgrade to Strong Buy
- Positive Sentiment: Analysts collectively raised Celestica’s revenue forecasts (reported as a ~10% lift), which supports higher valuation targets and signals improving outlook for end‑market demand. Industry Analysts Just Upgraded Celestica Inc. (TSE:CLS) Revenue Forecasts By 10%
- Positive Sentiment: Major banks raised price targets and reiterated buy/outperform calls: Goldman Sachs lifted its PT from $430 to $475 after an earnings beat; CIBC increased its PT to US$480 and kept an Outperformer rating; JPMorgan also raised its target to $425 and kept an overweight stance. These upgrades underpin investor confidence and act as near‑term buying catalysts. Goldman Sachs is Bullish on Celestica Inc. (CLS) CIBC Raises Celestica’s Price Target to US$480 From US$425 Celestica (NYSE:CLS) Given New $425.00 Price Target at JPMorgan Chase & Co.
- Positive Sentiment: Company fundamentals: Celestica reported a Q1 EPS beat (reported EPS topped estimates) and raised FY guidance, which supports forward earnings multiple expansion. Analysts are citing improving revenue growth and margin dynamics. Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: Technical indicator: CLS recently crossed above its 20‑day moving average, a short‑term bullish technical signal that can attract momentum traders. Celestica (CLS) Crossed Above the 20-Day Moving Average: What That Means for Investors
- Negative Sentiment: Market reaction volatility: Despite strong Q1 EPS, shares previously plunged intraday (~14% reported) after investors focused on a revenue miss in the Enterprise segment and component‑shortage noise—this shows profit‑taking and sensitivity to execution risks. Celestica Stock Falls 14% Despite Posting Strong Q1 Results
Celestica Company Profile
Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.
The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.
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