Celestica (NYSE:CLS) Earns Sector Outperform Rating from Analysts at Scotiabank

Scotiabank started coverage on shares of Celestica (NYSE:CLS) (TSE:CLS) in a report released on Tuesday morning, MarketBeat.com reports. The brokerage issued a sector outperform rating and a $500.00 price target on the technology company’s stock.

Several other analysts have also recently issued reports on CLS. Wolfe Research boosted their price objective on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. BWS Financial reiterated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. The Goldman Sachs Group reiterated a “buy” rating and issued a $475.00 target price on shares of Celestica in a report on Tuesday, April 28th. Stifel Nicolaus set a $500.00 price target on Celestica in a research note on Tuesday, July 28th. Finally, TD raised their price objective on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $438.86.

Celestica Trading Up 2.5%

Shares of CLS stock opened at $347.88 on Tuesday. The firm’s 50-day simple moving average is $348.89 and its 200-day simple moving average is $335.28. 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 $173.23 and a 1-year high of $474.02. The firm has a market cap of $40.00 billion, a P/E ratio of 36.16 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm earned $1.39 earnings per share. Celestica’s revenue was up 62.4% compared to the same quarter last year. 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 analysts forecast that Celestica will post 9.97 EPS for the current year.

Insider Activity

In other news, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the transaction, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 98,453 shares of Celestica stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 337,225 shares of company stock valued at $128,112,965. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Institutional investors and hedge funds have recently modified their holdings of the stock. Legacy Wealth Managment LLC ID raised its holdings in shares of Celestica by 14.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after buying an additional 28 shares during the period. Capital Planning LLC boosted its holdings in Celestica by 3.2% in the 1st quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after acquiring an additional 32 shares during the period. PCB Capital LLC grew its position in Celestica by 3.5% in the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after acquiring an additional 34 shares in the last quarter. Oxinas Partners LLC grew its position in Celestica by 1.4% in the fourth quarter. Oxinas Partners LLC now owns 2,958 shares of the technology company’s stock valued at $874,000 after acquiring an additional 40 shares in the last quarter. Finally, Avantax Planning Partners Inc. raised its stake in shares of Celestica by 2.7% during the fourth quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock valued at $452,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

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.