Royal Bank Of Canada Issues Positive Forecast for Celestica (NYSE:CLS) Stock Price

Celestica (NYSE:CLS) (TSE:CLS) had its target price boosted by stock analysts at Royal Bank Of Canada from $440.00 to $450.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 36.00% from the company’s current price.

A number of other brokerages have also recently commented on CLS. The Goldman Sachs Group reaffirmed a “buy” rating and set a $475.00 price target on shares of Celestica in a research report on Tuesday, April 28th. TD increased their price target on shares of Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, April 20th. UBS Group reissued a “neutral” rating and set a $410.00 price objective on shares of Celestica in a research note on Wednesday. Wolfe Research lifted their target price on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Rothschild & Co Redburn began coverage on Celestica in a report on Friday, May 1st. They set a “buy” rating and a $460.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $437.00.

Celestica Stock Performance

NYSE:CLS traded down $19.33 during trading on Wednesday, reaching $330.87. The company’s stock had a trading volume of 2,672,778 shares, compared to its average volume of 2,384,396. Celestica has a 12 month low of $173.23 and a 12 month high of $474.02. The firm has a market cap of $38.04 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 0.74 and a beta of 2.05. The firm has a 50 day moving average of $361.83 and a 200-day moving average of $332.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 41.69%. The firm’s quarterly revenue was up 62.4% on a year-over-year basis. During the same period in the previous year, the firm 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. Research analysts expect that Celestica will post 9.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other Celestica news, CEO Robert Mionis sold 18,176 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the sale, the chief executive officer owned 60,384 shares of the company’s stock, valued at $23,258,105.28. This trade represents a 23.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares in the company, valued at $32,948,744.60. The trade was a 17.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 161,168 shares of company stock valued at $63,190,485 in the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Celestica by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock valued at $1,423,333,000 after buying an additional 73,022 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Celestica by 24.8% in the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after acquiring an additional 798,782 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Celestica by 5,806,149.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after acquiring an additional 3,657,874 shares during the period. Franklin Resources Inc. grew its holdings in Celestica by 18.6% in the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock worth $673,471,000 after purchasing an additional 356,797 shares during the period. Finally, Cibc World Market Inc. increased its stake in shares of Celestica by 30.6% during the fourth quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock valued at $670,279,000 after purchasing an additional 530,535 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Trending Headlines about Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q2 results significantly exceeded expectations. Revenue rose 62% year over year to approximately $4.70 billion, while adjusted EPS of $2.54 surpassed the $2.29 consensus estimate. Results were above the high end of management’s own guidance, supported by strong cloud connectivity and AI infrastructure demand. Celestica Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 outlook. Celestica now expects approximately $20.5 billion in full-year revenue and $11.30 in EPS, ahead of consensus expectations of roughly $19.2 billion and $10.13, respectively. Third-quarter revenue and EPS guidance also exceeded analyst estimates. CLS Q2 Earnings Beat Estimates on Strong CCS Demand, Outlook Raised
• Positive Sentiment: The forward growth outlook remains robust. On its earnings call, Celestica pointed to accelerating growth in 2027, stronger customer visibility, hyperscaler demand and increased AI-related networking programs. The Connectivity & Cloud Solutions segment grew approximately 84% year over year, with additional mass production expected. Celestica Q2 Earnings Call Points to Faster Growth in 2027
• Neutral Sentiment: Wall Street sentiment is bullish, but the signal has limitations. Celestica carries a favorable average brokerage recommendation, although analyst ratings can be overly optimistic and may already reflect much of the company’s growth potential. Is It Worth Investing in Celestica Based on Wall Street’s Bullish Views?
• Negative Sentiment: Valuation and profit-taking may be weighing on the shares. Despite the earnings beat and raised guidance, the stock’s high valuation and recent sharp advance leave it vulnerable to selling when investors lock in gains or demand even stronger revisions. The current decline therefore appears more consistent with post-earnings consolidation than deteriorating business fundamentals.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.