Brokerages Set Celestica, Inc. (NYSE:CLS) Target Price at $439.81

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) have received an average recommendation of “Buy” from the twenty-three brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $439.8095.

CLS has been the topic of several research reports. UBS Group raised Celestica from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $410.00 to $430.00 in a report on Monday, August 24th. Barclays decreased their price objective on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Bank of America reiterated a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Wolfe Research upped their price target on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th.

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the sale, the chief executive officer directly owned 23,396 shares in the company, valued at approximately $8,478,476.44. This represents a 50.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the completion of the transaction, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 356,553 shares of company stock worth $135,238,444. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new position in Celestica during the 1st quarter valued at about $68,952,000. CIBC Asset Management Inc increased its holdings in shares of Celestica by 7.7% during the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock valued at $129,499,000 after acquiring an additional 31,086 shares in the last quarter. Norges Bank purchased a new position in shares of Celestica in the 4th quarter valued at approximately $456,511,000. Marietta Investment Partners LLC acquired a new stake in Celestica in the 4th quarter worth approximately $1,273,000. Finally, BW Gestao de Investimentos Ltda. grew its position in Celestica by 29.9% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock worth $9,217,000 after purchasing an additional 7,179 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Trading Down 2.4%

Shares of CLS opened at $325.51 on Friday. The firm has a market cap of $37.43 billion, a P/E ratio of 33.84 and a beta of 2.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. Celestica has a 1 year low of $227.00 and a 1 year high of $474.02. The company has a 50 day simple moving average of $325.37 and a two-hundred day simple moving average of $337.14.

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

About Celestica

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.