Celestica's (CLS) Buy (B) Rating Reiterated at Weiss Ratings

Key Points

• Celestica's stock has retained a buy rating from Weiss Ratings, which comes amid a flurry of positive analyst upgrades regarding the company's price targets.
• The company's stock recently saw a 7.2% increase in trading, reaching a price of $254.93, with a notable trading volume of over 3 million shares.
• In its latest quarterly earnings, Celestica reported an EPS of $1.39, exceeding estimates and showcasing a 21% year-over-year revenue growth to $2.89 billion.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS's stock had its "buy (b)" rating reissued by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other analysts have also issued research reports about the company. Royal Bank Of Canada upped their price objective on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Canaccord Genuity Group lifted their price target on shares of Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. TD Cowen reaffirmed a "hold" rating and issued a $238.00 target price on shares of Celestica in a research note on Friday, October 3rd. UBS Group restated a "neutral" rating and set a $208.00 price objective (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Finally, TD Securities lowered shares of Celestica from a "buy" rating to a "hold" rating and upped their target price for the company from $130.00 to $238.00 in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Celestica has an average rating of "Moderate Buy" and an average price target of $207.38.

Celestica Stock Up 7.2%

Shares of Celestica stock traded up $17.14 during trading on Wednesday, reaching $254.93. The company's stock had a trading volume of 3,083,862 shares, compared to its average volume of 2,723,089. The company has a 50-day simple moving average of $222.12 and a two-hundred day simple moving average of $154.07. Celestica has a 1-year low of $55.30 and a 1-year high of $261.83. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The company has a market cap of $29.32 billion, a price-to-earnings ratio of 56.22 and a beta of 1.88.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued 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. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.65 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm'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. As a group, equities analysts forecast that Celestica will post 4.35 earnings per share for the current year.

Institutional Trading of Celestica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLS. Wealth Enhancement Advisory Services LLC bought a new position in Celestica during the 4th quarter valued at $405,000. Farther Finance Advisors LLC boosted its position in shares of Celestica by 1,516.7% during the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock valued at $54,000 after acquiring an additional 637 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Celestica by 20.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 25,550 shares of the technology company's stock worth $2,014,000 after buying an additional 4,320 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Celestica in the first quarter valued at approximately $415,000. Finally, NewGen Asset Management Ltd purchased a new position in shares of Celestica during the first quarter valued at approximately $5,517,000. Institutional investors and hedge funds own 67.38% of the company's stock.

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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