TD Reiterates “$430.00” Price Target for Celestica (NYSE:CLS)

Celestica (NYSE:CLS) (TSE:CLS) has been given a $430.00 price target by analysts at TD in a research note issued to investors on Wednesday, BayStreet reports. The firm currently has a “buy” rating on the technology company’s stock. TD’s price objective would indicate a potential upside of 31.94% from the company’s current price.

A number of other brokerages have also recently commented on CLS. Wolfe Research lifted their price objective 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. Royal Bank Of Canada set a $450.00 price target on shares of Celestica and gave the company an “outperform” rating in a report on Wednesday, August 26th. Barclays dropped their price target on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. UBS Group upgraded Celestica from a “neutral” rating to a “buy” rating and upped their price objective for the company from $410.00 to $430.00 in a research report on Monday, August 24th. Finally, Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating and twenty-three have issued a Buy rating to the company. According to MarketBeat, Celestica has an average rating of “Buy” and a consensus price target of $440.50.

Celestica Price Performance

NYSE:CLS traded up $9.10 during trading hours on Wednesday, reaching $325.91. The stock had a trading volume of 779,390 shares, compared to its average volume of 2,427,280. The stock has a market capitalization of $37.47 billion, a PE ratio of 33.69 and a beta of 2.04. Celestica has a 52 week low of $227.00 and a 52 week high of $474.02. The company has a 50 day moving average price of $324.30 and a two-hundred day moving average price of $337.78. 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 (NYSE:CLS) (TSE:CLS) last posted its 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. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the company earned $1.39 EPS. The company’s quarterly revenue was up 62.4% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, sell-side analysts anticipate that Celestica will post 10.71 earnings per share for the current fiscal year.

Insider Transactions at Celestica

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the firm’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 sale, the chief financial officer owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 199,553 shares of company stock valued at $73,437,196. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Celestica

A number of institutional investors and hedge funds have recently modified their holdings of the business. Washington Trust Advisors Inc. purchased a new stake in Celestica in the second quarter worth $28,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica during the fourth quarter valued at $30,000. Sittner & Nelson LLC bought a new position in shares of Celestica in the fourth quarter worth about $31,000. Ascentis Independent Advisors bought a new position in shares of Celestica in the first quarter worth about $29,000. Finally, Harbor Investment Advisory LLC purchased a new position in Celestica in the 2nd quarter worth about $58,000. 67.38% of the stock is owned by institutional investors.

About Celestica

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.