Celestica (NYSE:CLS) Shares Down 3.6% - Here's Why

Key Points

• Celestica's stock price decreased by 3.6%, trading at $243.84, significantly lower than the previous close of $253.03, with trading volume down 86% from its average.
• Several analysts have upgraded Celestica's stock ratings, with target prices raised, including JPMorgan Chase increasing their target from $225.00 to $295.00.
• The company reported quarterly earnings with an EPS of $1.39, surpassing estimates, along with a revenue of $2.89 billion, which was above analysts' expectations of $2.65 billion.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS's stock price fell 3.6% on Thursday . The company traded as low as $245.00 and last traded at $243.84. 600,748 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 4,246,316 shares. The stock had previously closed at $253.03.

Analysts Set New Price Targets

A number of research firms recently weighed in on CLS. CICC Research began coverage on shares of Celestica in a research report on Tuesday, August 19th. They issued an "outperform" rating on the stock. Royal Bank Of Canada raised their target price on Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. raised their target price on Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a report on Monday. Canaccord Genuity Group raised their target price on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, BNP Paribas raised Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Celestica has a consensus rating of "Buy" and an average price target of $174.75.

Celestica Trading Down 1.9%

The stock has a market cap of $28.55 billion, a PE ratio of 53.72 and a beta of 1.89. The business has a 50-day moving average of $189.60 and a 200 day moving average of $132.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 EPS 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 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 posted $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 research analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Institutional Trading of Celestica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new position in shares of Celestica during the first quarter worth $26,000. Golden State Wealth Management LLC raised its position in shares of 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 in the last quarter. ORG Partners LLC acquired a new position in shares of Celestica in the 1st quarter valued at approximately $29,000. Center for Financial Planning Inc. acquired a new position in shares of Celestica in the 1st quarter valued at approximately $30,000. Finally, ST Germain D J Co. Inc. acquired a new position in shares of Celestica in the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors 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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