Royal Bank Of Canada Analysts Give Celestica (NYSE:CLS) a $450.00 Price Target

Royal Bank Of Canada set a $450.00 price target on Celestica (NYSE:CLS) (TSE:CLS) in a research report released on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about the company. UBS Group upgraded Celestica from a “neutral” rating to a “buy” rating and increased their price objective for the company from $410.00 to $430.00 in a research report on Monday. Stifel Nicolaus set a $500.00 target price on Celestica in a report on Tuesday, July 28th. Citigroup boosted their target price on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Rothschild & Co Redburn began coverage on Celestica in a report on Friday, May 1st. They set a “buy” rating and a $460.00 target price for the company. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $475.00 target price on shares of Celestica in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $439.81.

Celestica Stock Down 5.8%

NYSE CLS opened at $298.87 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The company’s 50 day simple moving average is $333.42 and its 200 day simple moving average is $335.61. Celestica has a 12 month low of $183.66 and a 12 month high of $474.02. The company has a market capitalization of $34.36 billion, a P/E ratio of 31.07 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 EPS for the quarter, beating the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business’s quarterly revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Equities research analysts expect that Celestica will post 10.42 earnings per share for the current fiscal year.

Insider Activity at Celestica

In related news, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Mionis sold 23,496 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the sale, the chief executive officer owned 23,396 shares of the company’s stock, valued at $8,478,476.44. The trade was a 50.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is owned by insiders.

Institutional Trading of Celestica

A number of hedge funds have recently made changes to their positions in CLS. Washington Trust Advisors Inc. purchased a new position in Celestica during the second quarter valued at approximately $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica in the 4th quarter valued at approximately $28,000. Ascentis Independent Advisors purchased a new stake in Celestica in the 1st quarter worth approximately $29,000. Swiss RE Ltd. purchased a new stake in Celestica in the 4th quarter worth approximately $29,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Celestica in the 4th quarter worth approximately $30,000. 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.