Celestica (NYSE:CLS) Sets New 1-Year High - What's Next?

Key Points

• Celestica's stock recently reached a new 52-week high of $257.79, marking significant growth from its previous close of $248.99.
• Analysts have raised their price targets for Celestica, with JPMorgan increasing it from $225.00 to $295.00, and Royal Bank of Canada raising theirs from $185.00 to $225.00.
• The company's latest earnings report showed $1.39 EPS, outperforming expectations, with a revenue increase of 21% year-over-year.

Shares of Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS hit a new 52-week high on Tuesday . The stock traded as high as $257.79 and last traded at $254.92, with a volume of 546275 shares. The stock had previously closed at $248.99.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CLS shares. JPMorgan Chase & Co. raised their price objective on shares of Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Royal Bank Of Canada boosted their target price on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. BMO Capital Markets reissued an "outperform" rating and set a $130.00 target price (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. CICC Research initiated coverage on shares of Celestica in a research note on Tuesday, August 19th. They set an "outperform" rating for the company. Finally, Wall Street Zen lowered shares of Celestica from a "buy" rating to a "hold" rating in a research note on Saturday. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Celestica has an average rating of "Buy" and an average target price of $174.75.

Celestica Stock Performance

The firm's 50-day moving average price is $194.85 and its two-hundred day moving average price is $136.19. The firm has a market capitalization of $29.15 billion, a PE ratio of 54.85 and a beta of 1.89. 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 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.16. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate 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 previous year, the firm posted $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. As a group, research analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Institutional Trading of Celestica

Institutional investors and hedge funds have recently modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings in Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company's stock valued at $26,000 after purchasing an additional 83 shares during the period. ST Germain D J Co. Inc. bought a new stake in Celestica during the 2nd quarter worth about $37,000. Twin Peaks Wealth Advisors LLC bought a new stake in Celestica during the 2nd quarter worth about $40,000. Rothschild Investment LLC bought a new stake in Celestica during the 1st quarter worth about $26,000. Finally, First Horizon Advisors Inc. grew its holdings in Celestica by 33.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company's stock worth $55,000 after acquiring an additional 87 shares during the last quarter. 67.38% of the stock is currently 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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