Celestica (NYSE:CLS) Coverage Initiated by Analysts at The Goldman Sachs Group

Key Points

• Analysts at The Goldman Sachs Group initiated coverage on Celestica (NYSE:CLS), setting a "buy" rating and a price target of $340.00, suggesting a potential upside of 25.76% from the current share price.
• Multiple analysts have upgraded their price targets for Celestica, with estimates ranging from $240.00 to $300.00, indicating a strong overall confidence in the company's performance.
• Celestica reported significant financial growth with a 21% increase in quarterly revenue year-over-year, achieving earnings per share of $1.39, surpassing analyst expectations.

Investment analysts at The Goldman Sachs Group initiated coverage on shares of Celestica (NYSE:CLS - Get Free Report) TSE: CLS in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage set a "buy" rating and a $340.00 price target on the technology company's stock. The Goldman Sachs Group's price objective points to a potential upside of 25.76% from the company's current price.

Other equities analysts have also issued research reports about the company. BMO Capital Markets increased their target price on Celestica from $230.00 to $300.00 and gave the company an "outperform" rating in a research note on Tuesday. TD Cowen reaffirmed a "hold" rating and set a $238.00 price target on shares of Celestica in a research report on Friday, October 3rd. Canaccord Genuity Group raised their price target on Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. BNP Paribas reaffirmed an "outperform" rating and set a $300.00 price target on shares of Celestica in a research report on Thursday, September 25th. Finally, Royal Bank Of Canada raised their price target on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Celestica presently has an average rating of "Moderate Buy" and a consensus target price of $229.00.

Celestica Price Performance

Shares of CLS stock opened at $270.36 on Thursday. The stock's fifty day moving average is $227.95 and its 200-day moving average is $159.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The stock has a market capitalization of $31.10 billion, a PE ratio of 58.52 and a beta of 1.88. Celestica has a 52 week low of $55.30 and a 52 week high of $271.70.

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

Institutional Trading of Celestica

Several hedge funds have recently added to or reduced their stakes in CLS. Norges Bank acquired a new stake in Celestica during the 2nd quarter worth approximately $236,069,000. Voya Investment Management LLC lifted its position in Celestica by 362.8% during the first quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock worth $146,122,000 after purchasing an additional 1,453,473 shares during the period. Alkeon Capital Management LLC bought a new position in Celestica in the 1st quarter valued at about $96,936,000. SRS Investment Management LLC acquired a new position in shares of Celestica in the 2nd quarter valued at approximately $135,289,000. Finally, Alliancebernstein L.P. boosted its position in shares of Celestica by 405.5% during the 1st quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company's stock worth $57,684,000 after acquiring an additional 587,145 shares in the last quarter. 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.

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