Celestica (NYSE:CLS) PT Set at $450.00 by RBC Dominion Securities

Key Points

• RBC Dominion Securities set a $450 price target for Celestica and maintained an “outperform” rating, implying 72.16% upside from the prior close.
• Analyst sentiment is broadly positive: 24 analysts rate the stock a Buy and one a Hold, producing a “Moderate Buy” consensus and average target of $448.30.
• Celestica recently exceeded quarterly expectations, reporting $2.54 in EPS and $4.68 billion in revenue, while shares traded at $261.38 and insiders sold roughly $89.2 million of stock over the past quarter.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS has been given a $450.00 target price by RBC Dominion Securities in a note issued to investors on Friday, BayStreet reports. The brokerage currently has an "outperform" rating on the technology company's stock. RBC Dominion Securities's target price suggests a potential upside of 72.16% from the stock's previous close.

A number of other equities research analysts also recently commented on the company. UBS Group raised Celestica from a "neutral" rating to a "buy" rating and raised their target price for the company from $410.00 to $430.00 in a report on Monday, August 24th. Wolfe Research upped their price target 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. 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 research note on Wednesday, July 29th. Canadian Imperial Bank of Commerce increased 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. Finally, Wall Street Zen cut shares of Celestica from a "buy" rating to a "hold" rating in a research note on Sunday, September 6th. Twenty-four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $448.30.

Celestica Stock Performance

Shares of CLS stock traded down $7.63 during trading hours on Friday, reaching $261.38. 2,051,111 shares of the company's stock were exchanged, compared to its average volume of 2,401,506. The company has a market cap of $30.05 billion, a P/E ratio of 27.14 and a beta of 2.01. The company's 50 day moving average is $330.02 and its two-hundred day moving average is $351.02. Celestica has a 1 year low of $244.51 and a 1 year high of $474.02. 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 (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share 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 for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the business earned $1.39 earnings per share. The company's revenue for the quarter 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. Equities research analysts anticipate that Celestica will post 10.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President Todd Cooper sold 20,118 shares of the firm's stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total value of $7,242,480.00. Following the completion of the transaction, the president directly owned 73,252 shares of the company's stock, valued at $26,370,720. This trade represents a 21.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 243,067 shares of company stock worth $89,200,967 in the last quarter. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Cibc World Market Inc. purchased a new stake in shares of Celestica in the 2nd quarter worth about $757,811,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Celestica during the 2nd quarter valued at about $674,199,000. Royal Bank of Canada increased its holdings in Celestica by 13.8% during the 1st quarter. Royal Bank of Canada now owns 1,283,561 shares of the technology company's stock valued at $361,553,000 after acquiring an additional 156,040 shares in the last quarter. Bank of America Corp DE purchased a new position in Celestica during the 2nd quarter valued at about $444,899,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Celestica during the second quarter worth about $351,717,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

About Celestica

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.

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