Celestica (NYSE:CLS) Trading 1.6% Higher - Time to Buy?

Key Points

• Celestica's stock price increased by 1.6% recently, reaching a high of $256.47 before last trading at $251.65, despite a significant drop in trading volume.
• Analysts have upgraded their target prices for Celestica, with some institutions raising their outlook significantly, indicating a consensus rating of "Buy" and an average target price of $174.75.
• The company reported $1.39 earnings per share (EPS) for the last quarter, surpassing estimates, with revenue rising 21% to $2.89 billion year-over-year.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS shot up 1.6% on Thursday . The company traded as high as $256.47 and last traded at $251.65. 2,716,804 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 4,217,249 shares. The stock had previously closed at $247.66.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CLS. UBS Group reiterated a "neutral" rating and set a $208.00 target price (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Royal Bank Of Canada increased their target price on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. BMO Capital Markets reiterated an "outperform" rating and set a $130.00 target price (up previously from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Citigroup increased their target price on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Canaccord Genuity Group increased their target price on Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $174.75.

Celestica Price Performance

The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $28.95 billion, a P/E ratio of 54.47 and a beta of 1.89. The stock has a 50 day moving average of $198.56 and a 200-day moving average of $137.78.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company earned $0.91 EPS. Celestica's quarterly revenue was up 21.0% compared to the same quarter last year. 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 fiscal year.

Institutional Investors Weigh In On Celestica

A number of institutional investors and hedge funds have recently bought and sold shares of CLS. Rothschild Investment LLC bought a new stake in Celestica during the 1st quarter valued at $26,000. Golden State Wealth Management LLC raised its position in Celestica by 102.5% during 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 bought a new stake in Celestica during the 1st quarter valued at $29,000. Center for Financial Planning Inc. bought a new stake in Celestica during the 1st quarter valued at $30,000. Finally, ST Germain D J Co. Inc. bought a new position in shares of Celestica in the 2nd quarter worth $37,000. 67.38% of the stock is owned by institutional investors.

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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