Celestica, Inc. (NYSE:CLS) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Celestica, Inc. has received a consensus rating of "Buy" from analysts, with ten out of fourteen analysts recommending buying the stock.
• Recent earnings reports show that Celestica exceeded analysts' expectations by posting $1.39 EPS and a revenue of $2.89 billion, up 21% year-over-year.
• Analysts have varying price targets for Celestica, with estimates ranging from $120 to $240, indicating a generally optimistic outlook.

Shares of Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS have been assigned a consensus rating of "Buy" from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $168.9167.

A number of research analysts have issued reports on the company. Argus lowered their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Canaccord Genuity Group boosted their price target on Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. CICC Research started coverage on Celestica in a research note on Tuesday, August 19th. They issued an "outperform" rating for the company. BMO Capital Markets restated an "outperform" rating and issued a $130.00 price target (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Celestica from $170.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CLS. Rothschild Investment LLC bought a new stake in shares of Celestica in the first quarter worth $26,000. Golden State Wealth Management LLC grew its holdings in shares of Celestica by 102.5% in the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company's stock worth $26,000 after acquiring an additional 83 shares during the period. ORG Partners LLC bought a new stake in shares of Celestica in the first quarter worth $29,000. Center for Financial Planning Inc. bought a new stake in shares of Celestica in the first quarter worth $30,000. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Celestica in the second quarter worth $37,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Price Performance

Shares of CLS stock opened at $189.2390 on Monday. The firm has a market cap of $21.77 billion, a P/E ratio of 40.96 and a beta of 1.80. Celestica has a fifty-two week low of $40.65 and a fifty-two week high of $218.80. The business's 50 day moving average price is $170.54 and its 200-day moving average price is $125.07. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The firm had revenue of $2.89 billion for 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 business's quarterly revenue was up 21.0% compared to the same quarter last year. During the same period last year, the company earned $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. On average, equities research analysts anticipate that Celestica will post 4.35 earnings per share for the current year.

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.

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