TD Analysts Give Celestica (NYSE:CLS) a $430.00 Price Target

TD set a $430.00 price objective on Celestica (NYSE:CLS) (TSE:CLS) in a research report released on Wednesday,BayStreet reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other research firms have also commented on CLS. JPMorgan Chase & Co. upped their price target on shares of 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 objective on Celestica in a research note on Tuesday, July 28th. UBS Group raised Celestica from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $410.00 to $430.00 in a research note on Monday, August 24th. Scotiabank initiated coverage on Celestica in a research report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 target price for the company. Finally, BWS Financial restated a “buy” rating on shares of Celestica in a research note on Tuesday, July 28th. 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.com, the company has a consensus rating of “Buy” and an average price target of $440.50.

Celestica Stock Up 0.9%

Shares of NYSE CLS opened at $333.01 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The company has a market cap of $38.29 billion, a P/E ratio of 34.62 and a beta of 2.04. Celestica has a 52 week low of $227.00 and a 52 week high of $474.02. The business has a 50-day simple moving average of $322.52 and a two-hundred day simple moving average of $338.42.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the business posted $1.39 earnings per share. The company’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. Research analysts anticipate that Celestica will post 10.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the transaction, the chief executive officer directly owned 23,396 shares in the company, valued at approximately $8,478,476.44. The trade was a 50.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction on 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 in the company, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 199,553 shares of company stock valued at $73,437,196 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Celestica

A number of hedge funds have recently bought and sold shares of the company. Junto Capital Management LP bought a new position in shares of Celestica during the 2nd quarter valued at $43,461,000. Sequoia Financial Advisors LLC boosted its position in Celestica by 0.9% during the second quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock valued at $1,592,000 after buying an additional 40 shares during the period. Tidal Investments LLC grew its stake in shares of Celestica by 198.2% during the second quarter. Tidal Investments LLC now owns 106,509 shares of the technology company’s stock valued at $38,854,000 after buying an additional 70,794 shares during the last quarter. IPG Investment Advisors LLC grew its stake in shares of Celestica by 449.7% during the second quarter. IPG Investment Advisors LLC now owns 5,360 shares of the technology company’s stock valued at $1,954,000 after buying an additional 4,385 shares during the last quarter. Finally, Whetstone Capital Advisors LLC bought a new position in shares of Celestica during the second quarter valued at about $281,000. Institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

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.