Wall Street Zen Downgrades Celestica (NYSE:CLS) to Hold

Celestica (NYSE:CLS) (TSE:CLS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts have also recently commented on the company. Barclays reduced their price target on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Wolfe Research raised their price objective on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Bank of America reiterated a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. BWS Financial reiterated a “buy” rating on shares of Celestica in a research note on Tuesday, July 28th. Finally, Rothschild & Co Redburn assumed coverage on Celestica in a report on Friday, May 1st. They set a “buy” rating and a $460.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $439.81.

Celestica Price Performance

Shares of CLS opened at $298.87 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $333.42 and its 200 day simple moving average is $335.73. Celestica has a 1-year low of $183.66 and a 1-year high of $474.02. The company has a market cap of $34.36 billion, a price-to-earnings ratio of 31.07 and a beta of 2.06.

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

Insider Transactions at Celestica

In other Celestica news, 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 value of $6,794,050.00. Following the completion of the sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. The trade was a 17.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert Mionis sold 98,453 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was 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. Over the last ninety days, insiders have sold 356,553 shares of company stock worth $135,238,444. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Celestica

Institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LP grew its position in Celestica by 30.8% during the second quarter. Corient Private Wealth LP now owns 12,654 shares of the technology company’s stock worth $4,616,000 after buying an additional 2,981 shares in the last quarter. Amundi raised its holdings in Celestica by 49.5% in the 2nd quarter. Amundi now owns 319,304 shares of the technology company’s stock valued at $116,501,000 after acquiring an additional 105,752 shares in the last quarter. HighTower Advisors LLC raised its holdings in Celestica by 10.7% in the 2nd quarter. HighTower Advisors LLC now owns 18,138 shares of the technology company’s stock valued at $6,616,000 after acquiring an additional 1,747 shares in the last quarter. Washington Trust Advisors Inc. bought a new stake in shares of Celestica during the 2nd quarter valued at $28,000. Finally, Readystate Asset Management LP bought a new stake in shares of Celestica during the 2nd quarter valued at $1,996,000. 67.38% of the stock is currently owned by 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.