Celestica (NYSE:CLS) Given a $430.00 Price Target at TD

Key Points

• TD assigned Celestica a $430 price target and maintained a “buy” rating, implying approximately 31.9% upside from the previous close. The analyst consensus remains “Buy,” with an average target of $440.50.
• Celestica reported quarterly EPS of $2.54, beating estimates by $0.25, while revenue reached $4.68 billion, up 62.4% year over year and above consensus expectations.
• The stock rose 2.9% to $325.91, but company insiders have sold roughly 199,553 shares worth $73.4 million over the past 90 days; institutional investors own 67.38% of the shares.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS has been given a $430.00 price target by investment analysts at TD in a research note issued on Wednesday, BayStreet reports. The firm presently has a "buy" rating on the technology company's stock. TD's price target would indicate a potential upside of 31.94% from the company's previous close.

Several other analysts also recently weighed in on CLS. Weiss Ratings downgraded Celestica from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. Wolfe Research lifted their target price 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. Canadian Imperial Bank of Commerce upped their price target on shares of Celestica from $480.00 to $500.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Zacks Research raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 26th. Finally, UBS Group raised shares of Celestica from a "neutral" rating to a "buy" rating and raised their price target for the stock from $410.00 to $430.00 in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $440.50.

Celestica Trading Up 2.9%

NYSE CLS traded up $9.10 during trading on Wednesday, hitting $325.91. 779,390 shares of the company's stock traded hands, compared to its average volume of 2,427,280. The stock has a fifty day moving average of $324.30 and a two-hundred day moving average of $337.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. Celestica has a 12-month low of $227.00 and a 12-month high of $474.02. The firm has a market cap of $37.47 billion, a P/E ratio of 33.69 and a beta of 2.04.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. The firm had revenue of $4.68 billion for 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%.The company's quarterly revenue was up 62.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, sell-side analysts expect that Celestica will post 10.71 EPS for the current year.

Insider Buying and Selling

In other Celestica news, CEO Robert Mionis sold 98,453 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $5,952,330.44. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. In the last 90 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 Trading of Celestica

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Junto Capital Management LP bought a new stake in Celestica during the 2nd quarter valued at approximately $43,461,000. Sequoia Financial Advisors LLC grew its stake 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 acquiring an additional 40 shares in the last quarter. Tidal Investments LLC grew its stake in 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 acquiring an additional 70,794 shares in the last quarter. IPG Investment Advisors LLC increased its holdings in Celestica by 449.7% in the 2nd quarter. IPG Investment Advisors LLC now owns 5,360 shares of the technology company's stock valued at $1,954,000 after acquiring an additional 4,385 shares during the last quarter. Finally, Whetstone Capital Advisors LLC bought a new stake in Celestica in the 2nd quarter valued at $281,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

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.

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