Celestica (NYSE:CLS) Given “Sector Outperform” Rating at Scotiabank

Celestica (NYSE:CLS) (TSE:CLS)‘s stock had its “sector outperform” rating reiterated by equities research analysts at Scotiabank in a research note issued on Tuesday,Benzinga reports. They currently have a $500.00 price objective on the technology company’s stock. Scotiabank’s target price points to a potential upside of 58.79% from the stock’s previous close.

Several other analysts have also commented on the company. Citigroup raised their price objective on Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. TD increased their target price on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Weiss Ratings raised shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. 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 stock. According to data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and a consensus price target of $438.86.

Celestica Trading Down 0.9%

CLS stock opened at $314.88 on Tuesday. Celestica has a 52-week low of $173.23 and a 52-week high of $474.02. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The firm has a market cap of $36.20 billion, a P/E ratio of 32.73 and a beta of 2.06. The company’s 50-day simple moving average is $356.00 and its 200-day simple moving average is $334.63.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the business earned $1.39 EPS. Celestica’s revenue for the quarter 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 fiscal year.

Insider Buying and Selling at Celestica

In other 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 value of $6,794,050.00. Following the completion of the sale, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares of the company’s stock, valued at $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 337,225 shares of company stock worth $128,112,965. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Several large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its holdings in Celestica by 5,806,149.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after acquiring an additional 3,657,874 shares during the last quarter. Viking Global Investors LP acquired a new position in shares of Celestica during the 3rd quarter worth approximately $424,459,000. Norges Bank acquired a new position in shares of Celestica during the 4th quarter worth approximately $456,511,000. AQR Capital Management LLC acquired a new position in Celestica during the fourth quarter worth $315,497,000. Finally, JPMorgan Chase & Co. grew its holdings in Celestica by 24.8% in the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after buying an additional 798,782 shares in the last quarter. 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.