Celestica (NYSE:CLS) Given "Buy (B)" Rating at Weiss Ratings

Key Points

• Celestica's stock has been given a "Buy (B)" rating by Weiss Ratings, reaffirming positive outlook from multiple analysts.
• The stock price target has been raised by several investment firms, with Royal Bank of Canada setting a target of $315.00 and Goldman Sachs at $340.00.
• Celestica reported earnings of $1.39 per share for the last quarter, exceeding analyst expectations, and predicted earnings of 4.35 per share for the current year.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS's stock had its "buy (b)" rating restated by equities researchers at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other equities analysts also recently commented on the company. Royal Bank Of Canada lifted their price target on Celestica from $225.00 to $315.00 and gave the stock an "outperform" rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. The Goldman Sachs Group assumed coverage on shares of Celestica in a report on Thursday, October 16th. They issued a "buy" rating and a $340.00 price objective for the company. CIBC raised their price objective on shares of Celestica from $245.00 to $315.00 and gave the company an "outperform" rating in a research report on Monday. Finally, BMO Capital Markets upped their target price on Celestica from $230.00 to $300.00 and gave the company an "outperform" rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $249.36.

Celestica Trading Up 5.0%

CLS traded up $14.03 on Friday, reaching $296.76. 2,858,062 shares of the company's stock were exchanged, compared to its average volume of 2,582,815. Celestica has a twelve month low of $58.05 and a twelve month high of $300.75. The company's 50 day moving average is $238.39 and its 200-day moving average is $169.67. 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 company has a market cap of $34.14 billion, a price-to-earnings ratio of 64.23 and a beta of 1.88.

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

Institutional Investors Weigh In On Celestica

Several institutional investors and hedge funds have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB raised its holdings in Celestica by 42.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company's stock valued at $31,000 after buying an additional 37 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Celestica by 102.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company's stock worth $26,000 after acquiring an additional 83 shares in the last quarter. Avion Wealth acquired a new position in shares of Celestica during the 3rd quarter valued at about $40,000. McIlrath & Eck LLC raised its stake in shares of Celestica by 43.3% in the 3rd quarter. McIlrath & Eck LLC now owns 182 shares of the technology company's stock valued at $45,000 after acquiring an additional 55 shares in the last quarter. Finally, Hilltop National Bank raised its stake in shares of Celestica by 86.0% in the 3rd quarter. Hilltop National Bank now owns 186 shares of the technology company's stock valued at $46,000 after acquiring an additional 86 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

About Celestica

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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