JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Celestica (NYSE:CLS) Stock

Key Points

• JPMorgan Chase & Co. raised its price target for Celestica (NYSE:CLS) from $225.00 to $295.00, suggesting a potential upside of 16.92% from its current stock price.
• Celestica reported $1.39 EPS for the last quarter, surpassing estimates and showing a 21.0% year-over-year increase in revenue.
• Analysts have rated Celestica's stock positively, with a consensus rating of "Buy" and an average price target of $174.75.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS had its price target boosted by research analysts at JPMorgan Chase & Co. from $225.00 to $295.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 16.92% from the company's current price.

Other equities analysts also recently issued research reports about the stock. 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 report on Wednesday, July 30th. Citigroup upped their price objective on shares of Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. BMO Capital Markets reaffirmed an "outperform" rating and set a $130.00 price target (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Finally, Canaccord Genuity Group upped their price target on shares of Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $174.75.

Celestica Stock Up 4.0%

CLS stock opened at $252.30 on Monday. The company has a fifty day moving average price of $183.98 and a 200 day moving average price of $130.49. Celestica has a 12 month low of $41.74 and a 12 month high of $257.40. The company has a market cap of $29.02 billion, a price-to-earnings ratio of 54.57 and a beta of 1.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. Celestica's revenue for the quarter was up 21.0% on a year-over-year basis. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Sell-side analysts expect that Celestica will post 4.35 earnings per share for the current year.

Institutional Investors Weigh In On Celestica

Several hedge funds have recently modified their holdings of CLS. Norges Bank acquired a new stake in shares of Celestica during the 2nd quarter worth about $236,069,000. Voya Investment Management LLC boosted its stake in shares of Celestica by 362.8% during the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock worth $146,122,000 after purchasing an additional 1,453,473 shares during the last quarter. Polar Capital Holdings Plc boosted its stake in shares of Celestica by 822.6% during the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after purchasing an additional 1,433,681 shares during the last quarter. Alkeon Capital Management LLC acquired a new stake in shares of Celestica during the 1st quarter worth about $96,936,000. Finally, SRS Investment Management LLC acquired a new stake in shares of Celestica during the 2nd quarter worth about $135,289,000. 67.38% of the stock is owned by institutional investors and hedge funds.

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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