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 note issued to investors on Sunday, Wall Street Zen reports.

CLS has been the subject of a number of other reports. Canadian Imperial Bank of Commerce upped their price target on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Bank of America restated a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. Scotiabank assumed coverage on shares of Celestica in a research note on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price for the company. Finally, Wolfe Research increased their target price on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $439.81.

Celestica Stock Up 0.2%

Shares of Celestica stock opened at $312.84 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. Celestica has a 12 month low of $227.00 and a 12 month high of $474.02. The business has a fifty day simple moving average of $326.86 and a 200 day simple moving average of $336.35. The stock has a market cap of $35.97 billion, a PE ratio of 32.52 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. The firm’s revenue was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Research analysts predict that Celestica will post 10.71 EPS for the current year.

Insider Activity at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Mionis sold 98,453 shares of the firm’s 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 356,553 shares of company stock valued at $135,238,444 over the last quarter. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Celestica

Several institutional investors have recently added to or reduced their stakes in the stock. Washington Trust Advisors Inc. bought a new position in Celestica during the 2nd quarter worth about $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Celestica in the fourth quarter valued at about $28,000. Ascentis Independent Advisors acquired a new position in shares of Celestica during the first quarter worth about $29,000. Swiss RE Ltd. acquired a new position in shares of Celestica during the fourth quarter worth about $29,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Celestica during the fourth quarter worth about $30,000. 67.38% of the stock is owned by institutional investors.

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.