Celestica, Inc. (NYSE:CLS) Stock Has Average Target Price of $447.19 According to Analysts

Celestica, Inc. (NYSE:CLS) (TSE:CLS) has earned a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and twenty-three have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $450.50.

CLS has been the subject of several analyst reports. Sanford C. Bernstein initiated coverage on shares of Celestica in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $520.00 price target for the company. TD set a $430.00 price objective on Celestica and gave the company a “buy” rating in a report on Wednesday, September 16th. TD Cowen reiterated a “buy” rating on shares of Celestica in a research report on Wednesday, September 16th. Wolfe Research increased their price target on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Zacks Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th.

Celestica Stock Performance

Shares of NYSE:CLS opened at $382.50 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. Celestica has a 1 year low of $230.24 and a 1 year high of $474.02. The firm has a market capitalization of $43.98 billion, a PE ratio of 39.76 and a beta of 2.01. The business’s 50 day moving average price is $331.68 and its 200-day moving average price is $346.70.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.29 by $0.25. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm’s revenue was up 62.4% compared to the same quarter last year. During the same period in the prior year, the company earned $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, equities research analysts expect that Celestica will post 10.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Celestica

In other news, CEO Robert Mionis sold 23,396 shares of the business’s stock in a transaction that occurred on 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 filing with the SEC, which is available through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the completion of the transaction, the chief financial officer owned 65,444 shares in the company, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 243,067 shares of company stock worth $89,200,967 over the last three months. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after buying an additional 798,782 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Celestica by 18.6% during the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock worth $673,471,000 after buying an additional 356,797 shares in the last quarter. Cibc World Market Inc. grew its holdings in shares of Celestica by 30.6% in the 4th quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock worth $670,279,000 after acquiring an additional 530,535 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Celestica during the 2nd quarter valued at about $674,199,000. Finally, Goldman Sachs Group Inc. increased its holdings in Celestica by 25.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,637,367 shares of the technology company’s stock valued at $484,022,000 after acquiring an additional 332,641 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

About Celestica

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.