Celestica, Inc. (NYSE:CLS) Receives $435.80 Consensus Price Target from Brokerages

Celestica, Inc. (NYSE:CLS) (TSE:CLS) has been given an average rating of “Moderate Buy” by the twenty-four brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $438.8571.

Several brokerages have recently issued reports on CLS. Wolfe Research raised their price target on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. TD increased their target price on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 20th. Citigroup upped their price target on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings raised Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 30th. Finally, TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and raised their price objective for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th.

Celestica Stock Performance

Shares of CLS opened at $339.19 on Monday. The firm has a 50-day moving average price of $350.42 and a 200 day moving average price of $334.97. The firm has a market capitalization of $39.00 billion, a PE ratio of 35.26 and a beta of 2.06. Celestica has a 52-week low of $173.23 and a 52-week high of $474.02. 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 posted its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the firm posted $1.39 earnings per share. The business’s revenue was up 62.4% on a year-over-year basis. 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, sell-side analysts anticipate that Celestica will post 9.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the sale, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the sale, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 337,225 shares of company stock valued at $128,112,965 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Celestica in the 4th quarter valued at $28,000. Ascentis Independent Advisors bought a new stake in shares of Celestica during the first quarter worth $29,000. Swiss RE Ltd. acquired a new stake in shares of Celestica in the fourth quarter valued at $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Celestica in the fourth quarter valued at $30,000. Finally, Sittner & Nelson LLC bought a new position in shares of Celestica in the fourth quarter valued at about $31,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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.