Celestica, Inc. (NYSE:CLS) Receives Consensus Rating of “Buy” from Analysts

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) have been given a consensus recommendation of “Buy” by the twenty-three analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $439.8095.

Several research analysts have recently commented on CLS shares. JPMorgan Chase & Co. boosted their target price on Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Stifel Nicolaus set a $500.00 price target on Celestica in a report on Tuesday, July 28th. Barclays cut their price objective on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Royal Bank Of Canada set a $450.00 target price on Celestica and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Finally, Wolfe Research lifted their price target on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th.

Celestica Trading Up 5.8%

Shares of Celestica stock opened at $330.41 on Friday. Celestica has a 12-month low of $227.00 and a 12-month high of $474.02. The stock has a market capitalization of $37.99 billion, a P/E ratio of 34.35 and a beta of 2.04. The company has a 50-day simple moving average of $326.16 and a 200 day simple moving average of $336.61. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Research analysts expect that Celestica will post 10.71 earnings per share for the current fiscal year.

Insider Activity

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the transaction, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the transaction, the chief executive officer owned 23,396 shares in the company, valued at $8,478,476.44. The trade was a 50.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 356,553 shares of company stock valued at $135,238,444 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Washington Trust Advisors Inc. acquired a new stake in shares of Celestica in the 2nd quarter valued at $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Celestica during the fourth quarter worth $28,000. Ascentis Independent Advisors acquired a new position in shares of Celestica during the first quarter valued at $29,000. Swiss RE Ltd. acquired a new position in shares of Celestica during the fourth quarter valued at $29,000. Finally, Cullen Frost Bankers Inc. bought a new position in Celestica in the fourth quarter valued at about $30,000. Institutional investors own 67.38% of the company’s stock.

About Celestica

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.