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

Key Points

• Analysts remain broadly bullish: Twenty of 23 brokerages rate Celestica a “Buy,” one rates it “Strong Buy” and two recommend holding, with an average 12-month price target of $435.80.
• Celestica exceeded quarterly expectations, reporting $2.54 EPS versus the $2.29 consensus and $4.68 billion in revenue, up 62.4% year over year. The company also issued fiscal 2026 EPS guidance of $11.30.
• The company raised approximately $3 billion through an equity offering to fund AI-related data-center and networking capacity expansion, but the discounted issuance may dilute existing shareholders; recent insider selling adds another cautionary factor.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS has received an average recommendation of "Moderate Buy" from the twenty-three ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, twenty have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $435.80.

CLS has been the topic of a number of research analyst reports. Bank of America reissued a "buy" rating on shares of Celestica in a research report on Wednesday, July 29th. Barclays dropped their price target on Celestica from $430.00 to $406.00 and set an "overweight" rating on the stock in a research note on Friday. The Goldman Sachs Group reiterated a "buy" rating and issued a $475.00 price target on shares of Celestica in a report on Tuesday, April 28th. Rothschild & Co Redburn assumed coverage on Celestica in a report on Friday, May 1st. They set a "buy" rating and a $460.00 price objective for the company. Finally, BWS Financial reaffirmed a "buy" rating on shares of Celestica in a research report on Tuesday, July 28th.

Insider Buying and Selling at Celestica

In other news, CEO Robert Mionis sold 98,453 shares of Celestica stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Max Wilson sold 4,168 shares of the business's stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the sale, the director directly owned 24,718 shares of the company's stock, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 337,225 shares of company stock valued at $128,112,965. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of Celestica

Several institutional investors and hedge funds have recently modified their holdings of the stock. K.J. Harrison & Partners Inc bought a new position in shares of Celestica in the second quarter valued at approximately $1,092,000. BlackRock Inc. purchased a new stake in Celestica in the 2nd quarter valued at $223,849,000. Deutsche Bank AG purchased a new stake in Celestica in the 2nd quarter valued at $106,511,000. Perigon Wealth Management LLC bought a new position in Celestica during the 2nd quarter valued at $602,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in Celestica during the 2nd quarter worth $1,068,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica completed its equity offering, selling 11.13 million common shares after the underwriters fully exercised their option. The raise is intended to fund capacity expansion and investments supporting multi-year demand for data-center and networking products tied to artificial intelligence. Celestica Completes Equity Offering
• Positive Sentiment: Recent analysis remains constructive on Celestica’s underlying business, citing accelerating AI networking-switch revenue, gross-margin expansion and approximately $1 billion in planned capital spending. The investments could improve the company’s ability to serve hyperscale customers and sustain elevated growth. Celestica Just Unloaded Bad News - Buy It
• Positive Sentiment: Jim Cramer reaffirmed a bullish view after a caller highlighted that 18 of 19 Wall Street analysts rate CLS Buy or Strong Buy. Cramer also pointed to the stock’s roughly 20%–25% pullback from its 52-week high as a reason the valuation may be more attractive. Jim Cramer Reaffirms Buy Stance
• Neutral Sentiment: The offering priced 9.68 million shares at $310 each, with the underwriters’ option increasing total shares sold to 11.13 million. The capital strengthens Celestica’s balance sheet, but investors will need to see sufficient returns from expansion spending to offset the larger share base. Celestica Announces Pricing of Equity Offering
• Negative Sentiment: CLS shares slid after the company announced the approximately $3 billion offering at a discount to the prevailing market price. The issuance is expected to dilute existing shareholders by roughly 8.4%–10% and could create near-term EPS headwinds. Celestica Shares Slide After Equity Offering
• Negative Sentiment: Insider selling added another cautionary signal: CEO Robert Mionis sold more than 149,000 shares across two transactions, while CFO Mandeep Chawla sold 16,117 shares. The sales substantially reduced their direct holdings, although insider transactions do not necessarily indicate a change in business outlook. Celestica Insider Trading

Celestica Stock Performance

Shares of CLS stock opened at $317.89 on Monday. The company has a market cap of $36.55 billion, a price-to-earnings ratio of 33.05 and a beta of 2.06. Celestica has a 52 week low of $173.23 and a 52 week high of $474.02. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $358.25 and a 200-day moving average of $334.59.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.29 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. Celestica's quarterly revenue was up 62.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, equities analysts forecast that Celestica will post 9.97 earnings per share for the current year.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company's service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.

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