Celestica (NYSE:CLS) Trading Up 2% - Here's Why

Key Points

• Celestica's stock price increased by 2%, trading as high as $260.59 during the session, with a total of approximately 1.48 million shares exchanged, significantly below its average trading volume.
• JPMorgan Chase raised its price target for Celestica from $225.00 to $295.00, while Barclays and UBS also updated their ratings and targets, indicating positive outlooks from multiple analysts.
• In its latest earnings report, Celestica reported $1.39 EPS, exceeding estimates, and highlighted a 21% year-over-year revenue increase to $2.89 billion.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS's stock price shot up 2% during trading on Thursday . The stock traded as high as $260.59 and last traded at $260.00. 1,475,350 shares were traded during mid-day trading, a decline of 64% from the average session volume of 4,090,211 shares. The stock had previously closed at $254.88.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CLS shares. JPMorgan Chase & Co. upped their price target on shares of Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. UBS Group reiterated a "neutral" rating and set a $208.00 price objective (up from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Barclays increased their price objective on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. CICC Research initiated coverage on shares of Celestica in a research note on Tuesday, August 19th. They issued an "outperform" rating on the stock. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Celestica in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.38.

Celestica Trading Up 2.0%

The firm's 50-day moving average is $223.32 and its 200 day moving average is $155.17. 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 firm has a market capitalization of $29.91 billion, a price-to-earnings ratio of 56.28 and a beta of 1.88.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $0.91 EPS. The company's 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 analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Institutional Trading of Celestica

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Astoria Portfolio Advisors LLC. bought a new stake in Celestica during the 3rd quarter valued at $242,000. Dynamic Advisor Solutions LLC bought a new stake in Celestica during the 3rd quarter valued at $221,000. Hilltop National Bank increased its stake 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 purchasing an additional 86 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Celestica during the 3rd quarter valued at $5,336,000. Finally, AssuredPartners Investment Advisors LLC bought a new stake in Celestica during the 3rd quarter valued at $205,000. 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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