Celestica, Inc. (NYSE:CLS) Stock Has Consensus Price Target of $447.19

Key Points

• Celestica has a consensus “Buy” rating from 23 analysts, with an average 12-month price target of $447.19; targets recently ranged from $375 to $500.
• The company beat quarterly expectations, reporting $2.54 EPS versus the $2.29 consensus and $4.68 billion in revenue, up 62.4% year over year.
• Insiders sold 243,067 shares worth approximately $89.2 million over the past 90 days, while institutional investors own 67.38% of the stock.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS has been given a consensus rating of "Buy" by the twenty-three ratings firms that are covering the company, Marketbeat reports. Twenty-two investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $447.19.

CLS has been the topic of a number of recent research reports. Royal Bank Of Canada set a $450.00 target price on Celestica and gave the company an "outperform" rating in a report on Wednesday, August 26th. Weiss Ratings lowered shares of Celestica from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. TD Cowen reissued a "buy" rating on shares of Celestica in a research note on Wednesday, September 16th. FBN Securities started coverage on shares of Celestica in a research report on Tuesday, September 15th. They set an "outperform" rating and a $375.00 price objective for the company. Finally, Stifel Nicolaus set a $500.00 target price on shares of Celestica in a research note on Tuesday, July 28th.

Insiders Place Their Bets

In related news, CEO Robert Mionis sold 23,396 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total value of $8,521,291.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Todd C. Cooper sold 20,118 shares of the company's stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the completion of the transaction, the president owned 73,252 shares of the company's stock, valued at $26,370,720. The trade was a 21.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 243,067 shares of company stock worth $89,200,967 over the last ninety days. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Celestica

Several institutional investors and hedge funds have recently made changes to their positions in CLS. Andra AP fonden grew its stake in Celestica by 36.4% in the second quarter. Andra AP fonden now owns 30,700 shares of the technology company's stock valued at $11,199,000 after acquiring an additional 8,200 shares during the period. Junto Capital Management LP acquired a new stake in shares of Celestica during the second quarter worth about $43,461,000. Sequoia Financial Advisors LLC raised its position in shares of Celestica by 0.9% during the second quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company's stock worth $1,592,000 after purchasing an additional 40 shares during the period. Tidal Investments LLC lifted its holdings in shares of Celestica by 198.2% during the 2nd quarter. Tidal Investments LLC now owns 106,509 shares of the technology company's stock valued at $38,854,000 after purchasing an additional 70,794 shares in the last quarter. Finally, IPG Investment Advisors LLC lifted its holdings in shares of Celestica by 449.7% during the 2nd quarter. IPG Investment Advisors LLC now owns 5,360 shares of the technology company's stock valued at $1,954,000 after purchasing an additional 4,385 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Stock Performance

NYSE CLS opened at $357.11 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The company has a market cap of $41.06 billion, a P/E ratio of 37.12 and a beta of 2.04. The stock has a 50-day moving average of $326.99 and a two-hundred day moving average of $343.01. Celestica has a 1-year low of $230.24 and a 1-year high of $474.02.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the firm posted $1.39 earnings per share. The company's revenue for the quarter was up 62.4% compared to the same quarter last year. 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, analysts anticipate that Celestica will post 10.71 EPS for the current year.

Celestica Company Profile

Celestica Inc NYSE: CLS is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.