Celestica (NYSE:CLS) PT Set at $450.00 by RBC Dominion Securities

Celestica (NYSE:CLS) (TSE:CLS) has been assigned a $450.00 target price by equities researchers at RBC Dominion Securities in a research report issued to clients and investors on Friday, BayStreet reports. The brokerage presently has an “outperform” rating on the technology company’s stock. RBC Dominion Securities‘s price objective suggests a potential upside of 72.16% from the stock’s current price.

A number of other research firms have also commented on CLS. Scotiabank began coverage on Celestica in a research note on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price objective on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of Celestica in a research report on Thursday, October 15th. Weiss Ratings downgraded shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and upped their target price for the company from $410.00 to $430.00 in a report on Monday, August 24th. Finally, Wolfe Research raised their price target on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Twenty-four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $448.30.

Celestica Price Performance

CLS stock traded down $7.63 on Friday, reaching $261.38. The company had a trading volume of 2,051,111 shares, compared to its average volume of 2,401,506. The company’s fifty day moving average is $330.02 and its 200 day moving average is $351.02. The company has a market cap of $30.05 billion, a P/E ratio of 27.14 and a beta of 2.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. Celestica has a 1 year low of $244.51 and a 1 year high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%. Celestica’s revenue was up 62.4% compared to the same quarter last year. During the same quarter last year, the business posted $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. On average, research analysts forecast that Celestica will post 10.71 earnings per share for the current year.

Insider Transactions at Celestica

In related news, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was 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 in the company, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert Mionis sold 23,396 shares of the stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total value of $8,521,291.12. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 243,067 shares of company stock worth $89,200,967 over the last quarter. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Cibc World Market Inc. acquired a new stake in shares of Celestica in the second quarter worth approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Celestica during the second quarter valued at about $674,199,000. Royal Bank of Canada increased its stake in Celestica by 13.8% during the first quarter. Royal Bank of Canada now owns 1,283,561 shares of the technology company’s stock worth $361,553,000 after acquiring an additional 156,040 shares during the last quarter. Bank of America Corp DE acquired a new stake in Celestica during the second quarter worth about $444,899,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Celestica during the second quarter worth about $351,717,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Company Profile

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.