Celestica (NYSE:CLS) Stock Bumped Down to Hold by Zacks Research

Celestica (NYSE:CLS) (TSE:CLS) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

CLS has been the subject of a number of other reports. BWS Financial reaffirmed a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Bank of America reissued a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. TD Cowen reiterated a “buy” rating on shares of Celestica in a research note on Wednesday, September 16th. Finally, Canadian Imperial Bank of Commerce increased their target price on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $447.19.

Celestica Price Performance

Shares of CLS opened at $366.46 on Monday. The firm has a fifty day simple moving average of $327.51 and a two-hundred day simple moving average of $343.72. The firm has a market cap of $42.14 billion, a PE ratio of 38.09 and a beta of 2.04. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. Celestica has a 1-year low of $230.24 and a 1-year high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the business posted $1.39 EPS. The company’s revenue for the quarter 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. On average, equities analysts anticipate that Celestica will post 10.71 EPS for the current year.

Insider Transactions at Celestica

In other news, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction that occurred on 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 sale, the chief financial officer 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 243,067 shares of company stock valued at $89,200,967. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Celestica

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after acquiring an additional 798,782 shares in the last quarter. Franklin Resources Inc. raised its stake in Celestica by 18.6% in the 4th quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock worth $673,471,000 after acquiring an additional 356,797 shares during the last quarter. Cibc World Market Inc. lifted its holdings in shares of Celestica by 30.6% during the fourth quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock worth $670,279,000 after purchasing an additional 530,535 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Celestica during the 2nd quarter valued at approximately $674,199,000. Finally, Goldman Sachs Group Inc. lifted its position in Celestica by 25.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,637,367 shares of the technology company’s stock valued at $484,022,000 after purchasing an additional 332,641 shares during the period. 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: Celestica shares increased relative to the prior session and outperformed the market despite a broader market decline, indicating continued relative strength. Celestica Increases Despite Market Slip
• Positive Sentiment: Brokerage coverage remains favorable, with Celestica receiving a consensus “Buy” rating. That optimism may support demand for the stock, although consensus ratings can be biased toward positive recommendations. Celestica Receives Consensus Buy Rating
• Neutral Sentiment: Celestica has become a frequently searched or “trending” stock on Zacks and Yahoo Finance, which can increase visibility and short-term trading interest but does not necessarily signal a change in business fundamentals. Celestica Is a Trending Stock
• Negative Sentiment: The bullish outlook should be weighed against valuation and volatility risks: CLS trades at a relatively elevated earnings multiple, has a beta above 2, and remains well below its 52-week high. The reports also caution investors not to rely solely on brokerage ratings before investing. Brokers Suggest Investing in Celestica

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.