BMO Capital Markets Boosts Celestica (NYSE:CLS) Price Target to $300.00

Key Points

• BMO Capital Markets has raised its price target for Celestica (NYSE:CLS) from $230.00 to $300.00, suggesting a potential upside of 19.83% from its current price.
• In its recent quarterly earnings report, Celestica exceeded analysts' expectations with $1.39 EPS and reported a 21% increase in year-over-year revenue.
• The company currently has a consensus rating of "Moderate Buy" with various analysts assigning target prices ranging from $220.00 to $300.00 for Celestica's stock.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS had its price target raised by investment analysts at BMO Capital Markets from $230.00 to $300.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the technology company's stock. BMO Capital Markets' price target would suggest a potential upside of 19.83% from the company's current price.

Several other research analysts also recently weighed in on CLS. Barclays upped their target price on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. UBS Group reiterated a "neutral" rating and issued a $208.00 target price (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Royal Bank Of Canada lifted their target price on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. TD Cowen reaffirmed a "hold" rating and issued a $238.00 price target on shares of Celestica in a research note on Friday, October 3rd. Finally, TD Securities lowered shares of Celestica from a "buy" rating to a "hold" rating and raised their price target for the company from $130.00 to $238.00 in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $220.46.

Celestica Stock Performance

Shares of NYSE CLS traded down $10.71 during trading on Tuesday, reaching $250.35. 2,494,252 shares of the company traded hands, compared to its average volume of 4,071,970. The firm's fifty day simple moving average is $225.48 and its 200 day simple moving average is $158.41. The stock has a market cap of $28.80 billion, a P/E ratio of 54.20 and a beta of 1.88. Celestica has a 12-month low of $55.30 and a 12-month high of $270.15. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.16. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company's revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. As a group, research analysts anticipate that Celestica will post 4.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CLS. Golden State Wealth Management LLC grew its stake in Celestica by 102.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company's stock worth $26,000 after purchasing an additional 83 shares in the last quarter. ORG Partners LLC purchased a new position in shares of Celestica in the 1st quarter valued at about $29,000. Center for Financial Planning Inc. acquired a new stake in Celestica in the first quarter valued at approximately $30,000. ST Germain D J Co. Inc. acquired a new stake in Celestica in the second quarter valued at approximately $37,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Celestica in the second quarter valued at approximately $40,000. 67.38% of the stock is owned by institutional investors and hedge funds.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.