Celestica (NYSE:CLS) Trading 2.3% Higher - Time to Buy?

Key Points

• Celestica shares rose by 2.3% to $270.72 with trading volume down 23% from the average.
• Analysts are showing positive sentiment, with Goldman Sachs initiating coverage and setting a "buy" rating with a target price of $340.00.
• The company's latest quarterly results surpassed expectations, reporting $1.39 EPS and $2.89 billion in revenue, which is a year-over-year increase of 21.0%.

Shares of Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS traded up 2.3% during mid-day trading on Wednesday . The company traded as high as $279.70 and last traded at $270.72. 3,123,104 shares were traded during trading, a decline of 23% from the average session volume of 4,040,280 shares. The stock had previously closed at $264.69.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Celestica in a research note on Thursday, October 16th. They set a "buy" rating and a $340.00 price target for the company. Citigroup lifted their price target on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. UBS Group restated a "neutral" rating and issued a $208.00 target price (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. CIBC boosted their target price on Celestica from $245.00 to $315.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Barclays boosted their target price on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $249.36.

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 company has a market cap of $31.14 billion, a P/E ratio of 58.60 and a beta of 1.88. The business's fifty day moving average is $233.31 and its 200 day moving average is $165.91.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results 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 company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. Celestica's revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, sell-side analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current year.

Institutional Investors Weigh In On Celestica

Hedge funds and other institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC raised its holdings 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 acquiring an additional 83 shares during the period. McIlrath & Eck LLC raised its holdings in Celestica by 43.3% during the 3rd quarter. McIlrath & Eck LLC now owns 182 shares of the technology company's stock valued at $45,000 after acquiring an additional 55 shares during the period. Hilltop National Bank raised its holdings in Celestica by 86.0% during the 3rd quarter. Hilltop National Bank now owns 186 shares of the technology company's stock valued at $46,000 after acquiring an additional 86 shares during the period. ST Germain D J Co. Inc. bought a new stake in Celestica during the 2nd quarter valued at $37,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Celestica during the 2nd quarter valued at $40,000. 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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