Celestica (NYSE:CLS) Hits New 52-Week High - Here's Why

Key Points

• Celestica (NYSE:CLS) shares reached a new 52-week high at $298.78, reflecting a significant increase from a previous closing price of $282.73.
• Equities research analysts have a positive outlook on Celestica, with several changing their price targets significantly, including Royal Bank of Canada raising it to $315.00.
• The company reported earnings of $1.39 per share for the last quarter, beating estimates and showing a 21% year-over-year revenue growth.

Shares of Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS reached a new 52-week high on Friday . The stock traded as high as $298.78 and last traded at $298.54, with a volume of 612706 shares traded. The stock had previously closed at $282.73.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CLS shares. BNP Paribas reiterated an "outperform" rating and issued a $300.00 price objective on shares of Celestica in a research note on Thursday, September 25th. Barclays boosted their price objective on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Canaccord Genuity Group boosted their price objective on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price objective on Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. Finally, Royal Bank Of Canada boosted their target price on Celestica from $225.00 to $315.00 and gave the company an "outperform" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Celestica currently has a consensus rating of "Moderate Buy" and an average price target of $249.36.

Celestica Price Performance

The stock has a fifty day moving average of $236.36 and a two-hundred day moving average of $168.10. The stock has a market cap of $34.31 billion, a price-to-earnings ratio of 64.69 and a beta of 1.88. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data 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. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. Celestica'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. On average, equities research analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current year.

Institutional Trading of Celestica

Several large investors have recently bought and sold shares of the company. Avion Wealth acquired a new stake in Celestica in the third quarter valued at $40,000. World Equity Group Inc. grew its holdings in Celestica by 1.7% in the third quarter. World Equity Group Inc. now owns 2,263 shares of the technology company's stock valued at $558,000 after purchasing an additional 38 shares during the last quarter. Valmark Advisers Inc. acquired a new stake in Celestica in the third quarter valued at $300,000. Kingswood Wealth Advisors LLC grew its holdings in Celestica by 57.3% in the third quarter. Kingswood Wealth Advisors LLC now owns 2,720 shares of the technology company's stock valued at $670,000 after purchasing an additional 991 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in Celestica in the third quarter valued at $209,000. 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.

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