TD Securities Reiterates $305.00 Price Target for Celestica (NYSE:CLS)

TD Securities set a $305.00 price objective on Celestica (NYSE:CLS) (TSE:CLS) in a research note released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a hold rating on the technology company’s stock.

Several other brokerages also recently commented on CLS. Stifel Nicolaus reaffirmed a “buy” rating and set a $385.00 price objective (up previously from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. UBS Group increased their target price on shares of Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. New Street Research set a $400.00 price target on shares of Celestica in a report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, TD Cowen reiterated a “hold” rating and set a $238.00 price objective on shares of Celestica in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and an average price target of $340.75.

Celestica Stock Performance

CLS stock opened at $303.66 on Wednesday. The stock has a 50-day moving average price of $309.47 and a 200-day moving average price of $261.24. Celestica has a 1-year low of $58.05 and a 1-year high of $363.40. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The firm has a market cap of $34.93 billion, a PE ratio of 49.30 and a beta of 1.87.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.45 by $0.13. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 EPS. As a group, equities research analysts expect that Celestica will post 4.35 earnings per share for the current year.

Insider Buying and Selling at Celestica

In other Celestica news, Director Laurette T. Koellner bought 6,000 shares of Celestica stock in a transaction dated Thursday, October 30th. The stock was bought at an average cost of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the acquisition, the director directly owned 6,000 shares in the company, valued at approximately $2,050,020. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its position in shares of Celestica by 471.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after purchasing an additional 2,596,318 shares during the last quarter. Viking Global Investors LP purchased a new position in shares of Celestica in the 3rd quarter worth about $424,459,000. Norges Bank bought a new position in Celestica during the second quarter valued at about $236,069,000. SRS Investment Management LLC purchased a new stake in Celestica during the second quarter worth about $135,289,000. Finally, Picton Mahoney Asset Management bought a new stake in Celestica in the second quarter worth about $90,425,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: TD Securities set a $305 price target, reinforcing buy-side confidence in Celestica’s near-term valuation and growth outlook. Read More.
• Positive Sentiment: Brokerages’ consensus remains constructive — Celestica was given an average “Moderate Buy” rating by analysts, supporting upside expectations. Read More.
• Positive Sentiment: Aletheia Capital published a bullish forecast calling for strong price appreciation, adding to positive sentiment from independent investors. Read More.
• Positive Sentiment: Earnings previews and analyst notes expect Celestica to “double beat” on Q4 results, supported by growth in the CCS (cloud & data-center) segment driven by AI/data-center demand and new switch programs. These expectations are a key driver of the stock’s strength. Read More.
• Neutral Sentiment: Multiple media pieces and analyst summaries (Globe and Mail, MSN) provide mixed analyst commentary and broader sector context but add no single decisive catalyst. Read More. Read More.
• Neutral Sentiment: Investor guidance pieces (e.g., “Should you sell your Celestica stock?”) discuss valuation and risk/ reward but do not introduce new fundamentals. Read More.
• Negative Sentiment: A report that Alphabet is exploring additional TPU suppliers triggered an early sell-off in CLS (shares fell on the news), creating short-term pressure despite the interpretation that it signals rising TPU demand overall. Read More.
• Negative Sentiment: Zacks highlighted a decline in ATS revenues and recent stock weakness (intraday slide), flagging risk from softer end markets and inventory pressure that could weigh on Q4 results if not offset by CCS strength. Read More.

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.