Celestica (NYSE:CLS) Earns Hold Rating from TD Cowen

Key Points

• TD Cowen has reiterated a "hold" rating on Celestica (NYSE:CLS), setting a price target of $238.00, indicating a potential downside of 1.93% from the current stock price.
• Celestica's stock is currently down 3.3%, with shares trading at $242.69 during midday trading on Friday.
• Analyst ratings show a consensus of "Moderate Buy"** for Celestica, with target prices ranging from $200-$300 from various brokerages.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS's stock had its "hold" rating reiterated by equities researchers at TD Cowen in a research report issued on Friday,Benzinga reports. They currently have a $238.00 price objective on the technology company's stock. TD Cowen's price objective would indicate a potential downside of 1.93% from the stock's previous close.

A number of other brokerages have also issued reports on CLS. Royal Bank Of Canada lifted their price target on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their target price on shares of Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. BNP Paribas reiterated an "outperform" rating and set a $300.00 target price on shares of Celestica in a research note on Thursday, September 25th. Barclays boosted their target price on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, Citigroup boosted their target price on shares of Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $207.38.

Celestica Stock Down 3.3%

Shares of NYSE:CLS traded down $8.22 during midday trading on Friday, reaching $242.69. The company had a trading volume of 943,040 shares, compared to its average volume of 4,110,768. 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 stock's fifty day moving average price is $217.83 and its 200-day moving average price is $149.99. The stock has a market capitalization of $27.92 billion, a P/E ratio of 52.27 and a beta of 1.88. Celestica has a one year low of $52.25 and a one year high of $261.83.

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. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business's revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Celestica

Several institutional investors have recently bought and sold shares of the stock. Rowlandmiller & PARTNERS.ADV acquired a new stake in Celestica in the third quarter worth about $111,000. Corient Private Wealth LLC lifted its holdings in Celestica by 80.0% in the second quarter. Corient Private Wealth LLC now owns 15,115 shares of the technology company's stock worth $2,360,000 after purchasing an additional 6,718 shares during the period. Valeo Financial Advisors LLC lifted its holdings in Celestica by 24.2% in the second quarter. Valeo Financial Advisors LLC now owns 4,363 shares of the technology company's stock worth $681,000 after purchasing an additional 849 shares during the period. Orion Porfolio Solutions LLC acquired a new stake in Celestica in the second quarter worth about $319,000. Finally, Munro Partners acquired a new stake in Celestica in the second quarter worth about $3,880,000. Institutional investors and hedge funds own 67.38% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.