Celestica, Inc. (NYSE:CLS) Stock Has Consensus Price Target of $448.30 According to Brokerages

Key Points

• Analysts remain bullish on Celestica: 24 of 25 brokerages rate the stock a buy, producing a “Moderate Buy” consensus and an average 12-month price target of $448.30.
• Celestica exceeded quarterly expectations, reporting $2.54 in EPS versus a $2.29 estimate and $4.68 billion in revenue versus a $4.30 billion forecast; revenue increased 62.4% year over year.
• The stock opened at $260.11, well below its $448.30 consensus target, while insiders sold approximately $89.2 million worth of shares over the past three months.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS has been assigned an average rating of "Moderate Buy" from the twenty-five brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $448.30.

Several equities analysts have recently weighed in on the stock. UBS Group upgraded shares of Celestica from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $410.00 to $430.00 in a research note on Monday, August 24th. BMO Capital Markets reissued an "outperform" rating and issued a $400.00 price objective on shares of Celestica in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Celestica from $445.00 to $485.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Stifel Nicolaus set a $500.00 target price on shares of Celestica in a report on Tuesday, July 28th. Finally, Bank of America reiterated a "buy" rating on shares of Celestica in a research report on Wednesday, July 29th.

Celestica Price Performance

NYSE CLS opened at $260.11 on Friday. The stock has a market capitalization of $29.91 billion, a price-to-earnings ratio of 27.04 and a beta of 2.01. Celestica has a 1-year low of $244.51 and a 1-year high of $474.02. 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 business's fifty day moving average price is $328.54 and its 200-day moving average price is $350.38.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate 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 return on equity of 39.96% and a net margin of 7.16%. Celestica's revenue was up 62.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, equities analysts predict that Celestica will post 10.71 earnings per share for the current year.

Insider Transactions at Celestica

In related news, CEO Robert Mionis sold 23,396 shares of Celestica stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total transaction of $8,521,291.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Todd C. Cooper sold 20,118 shares of the business's stock in a transaction dated 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 sale, the president directly owned 73,252 shares of the company's stock, valued at $26,370,720. This represents a 21.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 243,067 shares of company stock worth $89,200,967 in the last three months. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CLS. Washington Trust Advisors Inc. bought a new stake in Celestica during the 2nd quarter worth approximately $28,000. Elevation Wealth Partners LLC purchased a new position in Celestica during the third quarter valued at approximately $28,000. Ascentis Independent Advisors purchased a new position in Celestica during the first quarter valued at approximately $29,000. Mather Group LLC. lifted its holdings in Celestica by 266.7% during the third quarter. Mather Group LLC. now owns 121 shares of the technology company's stock valued at $44,000 after purchasing an additional 88 shares in the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in shares of Celestica in the second quarter worth approximately $58,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Company Profile

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.

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