Celestica (NYSE:CLS) Stock Rating Lowered by Zacks Research

Celestica (NYSE:CLS) (TSE:CLS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

Several other research analysts have also recently weighed in on the company. BWS Financial reissued a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Canadian Imperial Bank of Commerce raised their price objective on shares of Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. TD Cowen reaffirmed a “buy” rating on shares of Celestica in a report on Wednesday, September 16th. Scotiabank started coverage on shares of Celestica in a research report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price target for the company. Finally, UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $410.00 to $430.00 in a research report on Monday, August 24th. Twenty-three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $450.50.

Celestica Price Performance

CLS stock opened at $366.46 on Monday. Celestica has a 52-week low of $230.24 and a 52-week high of $474.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The business has a 50-day simple moving average of $327.51 and a two-hundred day simple moving average of $343.72. The company has a market capitalization of $42.14 billion, a P/E ratio of 38.09 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. The business 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 in the prior year, the company 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. Research analysts expect that Celestica will post 10.71 EPS for the current fiscal year.

Insider Buying and Selling at Celestica

In other news, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction 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. This represents 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 98,453 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 243,067 shares of company stock worth $89,200,967. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CLS. Legacy Wealth Managment LLC ID increased its holdings in shares of Celestica by 14.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after purchasing an additional 28 shares in the last quarter. Capital Planning LLC increased its position in shares of Celestica by 3.2% during the 1st 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 during the last quarter. PCB Capital LLC raised its position in Celestica by 3.5% in the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after acquiring an additional 34 shares during the period. XML Financial LLC raised its holdings in Celestica by 1.5% in the 2nd quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock worth $963,000 after purchasing an additional 40 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Celestica by 0.9% in the second quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock worth $1,592,000 after buying an additional 40 shares during the period. Institutional investors own 67.38% of the company’s stock.

Key Headlines Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Sanford C. Bernstein initiated coverage of Celestica with an “Outperform” rating and a $520 price target—approximately 42% above the reference price. The new coverage reinforces the bullish view that Celestica can benefit from strong demand for technology infrastructure and related manufacturing services.
• Positive Sentiment: Celestica continues to attract favorable analyst attention. Its consensus brokerage rating remains “Buy,” and recent coverage has highlighted the company as a closely watched stock. However, consensus ratings can be overly optimistic and should be weighed against valuation and execution risks. Celestica Receives Consensus Buy Rating
• Neutral Sentiment: Celestica shares increased despite a weaker broader market, indicating continued relative strength and investor demand. The move may reflect optimism surrounding the company’s growth outlook rather than a new fundamental announcement. Celestica Increases Despite Market Slip
• Negative Sentiment: Zacks Research downgraded Celestica from “Strong Buy” to “Hold,” which could limit near-term upside and encourage some investors to take profits after the stock’s substantial advance. The downgrade contrasts with Bernstein’s more bullish initiation.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.