Celestica (NYSE:CLS) Research Coverage Started at Sanford C. Bernstein

Sanford C. Bernstein began coverage on shares of Celestica (NYSE:CLS) (TSE:CLS) in a report released on Wednesday, Marketbeat reports. The firm issued an outperform rating and a $520.00 price target on the technology company’s stock.

Other equities analysts have also issued research reports about the stock. Zacks Research lowered shares of Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. TD set a $430.00 price target on Celestica and gave the stock a “buy” rating in a report on Wednesday, September 16th. BWS Financial reissued a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. JPMorgan Chase & Co. boosted their price objective on Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Twenty-three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $450.50.

Celestica Price Performance

Celestica stock opened at $386.97 on Wednesday. The stock’s 50 day moving average is $330.45 and its 200 day moving average is $345.47. Celestica has a one year low of $230.24 and a one year high of $474.02. The firm has a market cap of $44.49 billion, a P/E ratio of 40.23 and a beta of 2.01. 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 (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion during 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 revenue for the quarter was up 62.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 EPS. 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, research analysts expect that Celestica will post 10.71 EPS for the current year.

Insiders Place Their Bets

In other news, 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 transaction, the chief financial officer owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This represents a 19.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Todd C. Cooper sold 20,118 shares of the stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the transaction, the president directly owned 73,252 shares in the company, valued at $26,370,720. This trade represents a 21.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 243,067 shares of company stock worth $89,200,967. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Celestica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Polaris Financial Partners bought a new position in Celestica in the 3rd quarter worth approximately $232,000. Andra AP fonden raised its holdings in Celestica by 36.4% during the 2nd quarter. Andra AP fonden now owns 30,700 shares of the technology company’s stock valued at $11,199,000 after acquiring an additional 8,200 shares during the period. Junto Capital Management LP bought a new stake in Celestica during the 2nd quarter valued at $43,461,000. Sequoia Financial Advisors LLC lifted its position in shares of Celestica by 0.9% during the second quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock worth $1,592,000 after acquiring an additional 40 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Celestica by 198.2% during the second quarter. Tidal Investments LLC now owns 106,509 shares of the technology company’s stock worth $38,854,000 after acquiring an additional 70,794 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

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.