Brokerages Set Celestica, Inc. (NYSE:CLS) Target Price at $174.75

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 earned an average recommendation of "Buy" from the fourteen analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $174.75.

A number of brokerages have recently commented on CLS. UBS Group reaffirmed a "neutral" rating and issued a $208.00 target price (up from $101.00) on shares of Celestica in a report on Wednesday, July 30th. Royal Bank Of Canada lifted their price objective on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Canaccord Genuity Group upped their target price on shares of Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. BNP Paribas raised Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Finally, Barclays boosted their price target on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th.

Celestica Trading Up 0.8%

Shares of CLS stock traded up $1.92 on Friday, hitting $254.85. The stock had a trading volume of 2,211,367 shares, compared to its average volume of 3,168,638. The company's 50 day moving average price is $204.10 and its 200-day moving average price is $141.92. Celestica has a 1 year low of $48.77 and a 1 year high of $258.16. 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 $29.32 billion, a P/E ratio of 55.16 and a beta of 1.89.

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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.65 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The business's quarterly revenue was up 21.0% on a year-over-year basis. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Analysts anticipate that Celestica will post 4.35 earnings per share for the current year.

Hedge Funds Weigh In On Celestica

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Celestica during the second quarter worth about $236,069,000. Voya Investment Management LLC boosted its stake in shares of Celestica by 362.8% during the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock worth $146,122,000 after acquiring an additional 1,453,473 shares in the last quarter. Alkeon Capital Management LLC acquired a new stake in shares of Celestica in the 1st quarter worth approximately $96,936,000. SRS Investment Management LLC purchased a new position in Celestica in the 2nd quarter valued at approximately $135,289,000. Finally, Alliancebernstein L.P. raised its holdings in Celestica by 405.5% during the first quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company's stock worth $57,684,000 after purchasing an additional 587,145 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

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.