Celestica (NYSE:CLS) Stock Price Up 5.4% - Time to Buy?

Key Points

• Celestica's stock price increased by 5.4% to $211.46, following the recent trading session with a notable decrease in trading volume, down 68% from its average daily volume.
• Multiple analysts have upgraded their ratings for Celestica, with price targets reaching as high as $240, indicating a strong **Buy** sentiment among evaluators.
• The company reported earnings of $1.39 per share for the last quarter, surpassing estimates and showing a **21% year-over-year increase** in revenue to $2.89 billion.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS's share price was up 5.4% during trading on Wednesday . The company traded as high as $210.10 and last traded at $211.46. Approximately 1,355,768 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 4,239,287 shares. The stock had previously closed at $200.63.

Analyst Ratings Changes

Several research analysts have issued reports on CLS shares. CICC Research assumed coverage on Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating on the stock. BMO Capital Markets reissued an "outperform" rating and issued a $130.00 price target (up previously from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Wall Street Zen upgraded shares of Celestica from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Canaccord Genuity Group lifted their price objective on shares of Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Celestica from $170.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $168.92.

Celestica Stock Performance

The firm has a market cap of $23.98 billion, a PE ratio of 45.20 and a beta of 1.89. The company has a 50-day simple moving average of $179.50 and a two-hundred day simple moving average of $128.50. 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 posted its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.16. The company 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 firm's revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, equities research analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current year.

Hedge Funds Weigh In On Celestica

Institutional investors have recently bought and sold shares of the company. Rothschild Investment LLC bought a new stake in shares of Celestica in the first quarter valued at $26,000. Golden State Wealth Management LLC boosted its position in Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company's stock worth $26,000 after purchasing an additional 83 shares during the period. ORG Partners LLC purchased a new position in shares of Celestica in the first quarter worth about $29,000. Center for Financial Planning Inc. bought a new stake in shares of Celestica in the first quarter valued at approximately $30,000. Finally, ST Germain D J Co. Inc. bought a new position in Celestica in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors 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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