Celestica (NYSE:CLS) Coverage Initiated by Analysts at CICC Research

Key Points

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Equities research analysts at CICC Research assumed coverage on shares of Celestica (NYSE:CLS - Get Free Report) TSE: CLS in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage set an "outperform" rating on the technology company's stock.

Several other analysts have also 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. Wall Street Zen upgraded Celestica from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Argus cut their target price on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. increased their target price on Celestica from $170.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Celestica currently has an average rating of "Buy" and an average price target of $168.92.

Celestica Stock Performance

CLS traded up $7.8990 during midday trading on Tuesday, reaching $189.2390. The company had a trading volume of 2,860,480 shares, compared to its average volume of 3,980,060. 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 business has a 50-day moving average of $170.54 and a two-hundred day moving average of $125.26. The company has a market cap of $21.77 billion, a P/E ratio of 40.96 and a beta of 1.80. Celestica has a 1 year low of $40.65 and a 1 year high of $218.80.

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. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The business's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 earnings per share. 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 research analysts predict that Celestica will post 4.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Celestica

Institutional investors have recently modified their holdings of the stock. Consolidated Planning Corp bought a new stake in shares of Celestica in the 1st quarter valued at approximately $3,361,000. Summerhill Capital Management lnc. bought a new stake in shares of Celestica in the 1st quarter valued at approximately $2,283,000. Nations Financial Group Inc. IA ADV lifted its stake in shares of Celestica by 8.4% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 17,243 shares of the technology company's stock valued at $1,359,000 after purchasing an additional 1,341 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Celestica by 39.3% in the 4th quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock valued at $70,164,000 after purchasing an additional 214,872 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Celestica in the 1st quarter valued at approximately $819,000. 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.