Wall Street Zen Downgrades Celestica (NYSE:CLS) to Hold

Key Points

• Wall Street Zen has downgraded Celestica (NYSE:CLS) from a "buy" rating to a "hold" rating.
• Despite the downgrade, various analysts have issued positive ratings for Celestica, with price targets ranging from $130.00 to $295.00.
• In its latest earnings report, Celestica reported $1.39 EPS, exceeding expectations of $1.23, with revenue of $2.89 billion for the quarter.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

A number of other research analysts have also recently commented on the company. Royal Bank Of Canada boosted their price objective on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price objective on Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a research note on Monday, September 8th. BMO Capital Markets restated an "outperform" rating and set a $130.00 price objective (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. CICC Research started coverage on Celestica in a research note on Tuesday, August 19th. They set an "outperform" rating on the stock. Finally, 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 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. Based on data from MarketBeat, Celestica presently has an average rating of "Buy" and an average target price of $174.75.

Celestica Price Performance

Shares of Celestica stock opened at $241.65 on Friday. Celestica has a twelve month low of $44.46 and a twelve month high of $257.40. The stock has a market capitalization of $27.80 billion, a P/E ratio of 52.30 and a beta of 1.89. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The business's fifty day moving average price is $192.94 and its 200 day moving average price is $134.84.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings data 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 company had revenue of $2.89 billion for 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 firm's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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, research analysts anticipate that Celestica will post 4.35 earnings per share for the current year.

Institutional Trading of Celestica

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Deutsche Bank AG increased its holdings in Celestica by 226.9% in the fourth quarter. Deutsche Bank AG now owns 21,442 shares of the technology company's stock valued at $1,979,000 after buying an additional 14,883 shares during the last quarter. Gotham Asset Management LLC bought a new stake in Celestica in the fourth quarter valued at about $697,000. Janus Henderson Group PLC increased its holdings in Celestica by 259.8% in the fourth quarter. Janus Henderson Group PLC now owns 134,790 shares of the technology company's stock valued at $12,412,000 after buying an additional 97,323 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Celestica by 12.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 124,991 shares of the technology company's stock valued at $11,539,000 after buying an additional 13,706 shares during the last quarter. Finally, Man Group plc increased its holdings in Celestica by 260.5% in the fourth quarter. Man Group plc now owns 148,896 shares of the technology company's stock valued at $13,739,000 after buying an additional 107,596 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

About Celestica

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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