Celestica, Inc. (NYSE:CLS) Given Average Rating of "Buy" by Analysts

Key Points

• Analysts maintain a bullish outlook: Celestica has a consensus “Buy” rating from 23 analysts, with an average 12-month price target of approximately $439.81.
• Quarterly results exceeded expectations: The company reported $2.54 in earnings per share versus the $2.29 consensus estimate, while revenue rose 62.4% year over year to $4.68 billion.
• Insiders have been selling shares: Company insiders sold 356,553 shares worth roughly $135.2 million over the past three months, while institutional investors own 67.38% of the stock.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS has been assigned a consensus rating of "Buy" from the twenty-three analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $439.8095.

CLS has been the subject of several research analyst reports. Wall Street Zen lowered shares of Celestica from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. JPMorgan Chase & Co. lifted their price target on Celestica from $445.00 to $485.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Barclays dropped their price target on Celestica from $430.00 to $406.00 and set an "overweight" rating on the stock in a research note on Friday, August 7th. Bank of America reissued a "buy" rating on shares of Celestica in a report on Wednesday, July 29th. Finally, Stifel Nicolaus set a $500.00 price objective on Celestica in a research note on Tuesday, July 28th.

Celestica Trading Up 11.6%

CLS opened at $310.12 on Friday. The firm has a market cap of $35.66 billion, a P/E ratio of 32.24 and a beta of 2.04. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $327.97 and a 200 day moving average of $335.94. Celestica has a 12 month low of $210.62 and a 12 month high of $474.02.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.25. The company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm's revenue for the quarter was up 62.4% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, research analysts forecast that Celestica will post 10.71 EPS for the current year.

Insider Buying and Selling at Celestica

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert Mionis sold 98,453 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Celestica

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in Celestica by 24.8% in the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company's stock valued at $1,187,650,000 after acquiring an additional 798,782 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Celestica by 5,806,149.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company's stock valued at $1,081,323,000 after purchasing an additional 3,657,874 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Celestica by 18.6% during the 4th quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company's stock worth $673,471,000 after purchasing an additional 356,797 shares during the period. Cibc World Market Inc. grew its holdings in shares of Celestica by 30.6% during the 4th quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company's stock worth $670,279,000 after purchasing an additional 530,535 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Celestica during the 2nd quarter worth about $674,199,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company's service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.

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