Celestica (NYSE:CLS) Trading 5% Higher - Time to Buy?

Key Points

• Celestica's stock price increased by 5% to $296.76, with a trading volume of 2,840,111 shares, significantly lower than its average volume.
• Analysts have given Celestica an average rating of "Moderate Buy" with various price targets, including a high of $340.00 from Goldman Sachs.
• The company reported a 21% year-over-year increase in revenue, reaching $2.89 billion, and exceeded earnings estimates for the last quarter.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS's stock price traded up 5% during trading on Friday . The stock traded as high as $300.75 and last traded at $296.76. 2,840,111 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 4,023,928 shares. The stock had previously closed at $282.73.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BNP Paribas restated an "outperform" rating and issued a $300.00 price target on shares of Celestica in a research note on Thursday, September 25th. Wall Street Zen upgraded shares of Celestica from a "hold" rating to a "buy" rating in a research note on Saturday, October 4th. The Goldman Sachs Group began coverage on shares of Celestica in a research report on Thursday, October 16th. They issued a "buy" rating and a $340.00 price target on the stock. TD Securities lowered shares of Celestica from a "buy" rating to a "hold" rating and lifted their price target for the stock from $130.00 to $238.00 in a research report on Friday, October 3rd. Finally, UBS Group restated a "neutral" rating and issued a $208.00 price target (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $249.36.

Celestica Stock Up 5.0%

The business's 50 day moving average is $236.36 and its 200 day moving average is $168.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The stock has a market cap of $34.14 billion, a price-to-earnings ratio of 64.23 and a beta of 1.88.

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. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the business posted $0.91 EPS. The company's revenue was up 21.0% on a year-over-year basis. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Equities analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current year.

Institutional Investors Weigh In On Celestica

Institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its stake in shares of Celestica by 1,103.8% during the 1st quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company's stock valued at $1,930,000 after buying an additional 22,452 shares during the period. Fortis Capital Advisors LLC acquired a new stake in shares of Celestica during the 2nd quarter valued at $343,000. Think Investments LP acquired a new stake in shares of Celestica during the 1st quarter valued at $14,939,000. Royal Bank of Canada boosted its stake in shares of Celestica by 1.5% during the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock valued at $100,922,000 after buying an additional 19,391 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Celestica by 79.3% in the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock valued at $78,162,000 after purchasing an additional 438,762 shares during the last quarter. Institutional investors and hedge funds 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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