Brokerages Set Celestica, Inc. (NYSE:CLS) Price Target at $427.42

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) have received a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $427.4211.

Several brokerages have recently commented on CLS. Rothschild & Co Redburn began coverage on Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 price target on the stock. Barclays boosted their price objective on shares of Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Zacks Research downgraded shares of Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $480.00 price objective on shares of Celestica in a research note on Wednesday, April 29th. Finally, TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective for the company in a research note on Wednesday, April 29th.

Celestica Stock Down 6.5%

Shares of NYSE:CLS opened at $338.06 on Friday. Celestica has a 52-week low of $144.27 and a 52-week high of $474.02. The stock has a market cap of $38.87 billion, a P/E ratio of 40.88, a price-to-earnings-growth ratio of 0.79 and a beta of 2.02. The business’s 50 day moving average is $383.05 and its 200 day moving average is $327.90. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.08 by $0.08. The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 earnings per share. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Sell-side analysts predict that Celestica will post 9.5 EPS for the current year.

Insider Buying and Selling

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of the 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 sale, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 66,056 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $400.06, for a total transaction of $26,426,363.36. Following the sale, the chief executive officer directly owned 134,328 shares of the company’s stock, valued at approximately $53,739,259.68. The trade was a 32.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 161,168 shares of company stock valued at $63,190,485 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Several hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Celestica in the 4th quarter worth $28,000. Ascentis Independent Advisors acquired a new stake in shares of Celestica in the 1st quarter worth $29,000. Swiss RE Ltd. acquired a new stake in shares of Celestica in the 4th quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Celestica in the 4th quarter worth $30,000. Finally, Sittner & Nelson LLC acquired a new stake in shares of Celestica in the 4th quarter worth $31,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

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.