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

Key Points

• Celestica, Inc. has received a consensus recommendation of "Buy" from fourteen brokerages, with an average 1-year target price of $174.75.
• The company reported strong quarterly earnings of $1.39 EPS, exceeding estimates, and its revenue grew by 21.0% year-over-year.
• Recent activity from hedge funds shows significant modifications in holdings, with Deutsche Bank AG increasing its stake by 226.9% in the fourth quarter.

Shares of Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS have received a consensus rating of "Buy" from the fourteen analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $174.75.

A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Canaccord Genuity Group boosted their price objective on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Wall Street Zen downgraded shares of Celestica from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Citigroup boosted their target price on shares of Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th.

Celestica Stock Performance

Shares of NYSE:CLS traded up $0.68 during trading on Friday, reaching $252.72. The company had a trading volume of 3,754,555 shares, compared to its average volume of 3,124,105. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The firm has a market capitalization of $29.07 billion, a price-to-earnings ratio of 54.70 and a beta of 1.89. Celestica has a fifty-two week low of $48.18 and a fifty-two week high of $258.16. The stock's fifty day moving average price is $202.25 and its 200 day moving average price is $140.34.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The business's revenue was up 21.0% compared to the same quarter last year. 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, equities research analysts predict that Celestica will post 4.35 EPS for the current year.

Hedge Funds Weigh In On Celestica

A number of hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC bought a new position in Celestica during the first quarter worth about $26,000. Golden State Wealth Management LLC raised its position in Celestica by 102.5% in the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company's stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. ORG Partners LLC bought a new stake in shares of Celestica in the 1st quarter valued at $29,000. Center for Financial Planning Inc. bought a new stake in Celestica in the 1st quarter worth about $30,000. Finally, ST Germain D J Co. Inc. bought a new position in shares of Celestica in the second quarter worth $37,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Company Profile

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.