Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) – Scotiabank increased their FY2026 EPS estimates for shares of Celestica in a report released on Monday, November 2nd. Scotiabank analyst K. Krishnaratne now forecasts that the technology company will post earnings per share of $10.85 for the year, up from their previous forecast of $10.69. Scotiabank has a “Sector Outperform” rating and a $500.00 price objective on the stock. The consensus estimate for Celestica’s current full-year earnings is $10.93 per share. Scotiabank also issued estimates for Celestica’s FY2027 earnings at $20.90 EPS.
Several other equities research analysts also recently weighed in on the company. Citigroup upped their price target on Celestica from $415.00 to $436.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Weiss Ratings downgraded Celestica from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 28th. BWS Financial restated a “buy” rating on shares of Celestica in a research note on Tuesday, July 28th. Finally, TD set a $430.00 target price on shares of Celestica and gave the company a “buy” rating in a report on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Celestica has a consensus rating of “Buy” and an average target price of $453.32.
Check Out Our Latest Report on CLS
Celestica Trading Down 13.1%
NYSE:CLS opened at $205.53 on Friday. The firm has a market cap of $25.92 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 0.63 and a beta of 2.10. The stock has a fifty day moving average price of $319.52 and a 200 day moving average price of $329.71. Celestica has a 12-month low of $197.50 and a 12-month high of $474.02. The company has a current ratio of 1.61, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last posted its quarterly earnings data on Monday, October 26th. The technology company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.28. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.39 billion. Celestica had a return on equity of 33.80% and a net margin of 6.83%.
Institutional Investors Weigh In On Celestica
Several institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new stake in Celestica during the first quarter worth approximately $68,952,000. Ferguson Wellman Capital Management Inc. acquired a new position in shares of Celestica in the 3rd quarter valued at $27,821,000. K.J. Harrison & Partners Inc acquired a new position in shares of Celestica in the 2nd quarter valued at $1,092,000. Quantinno Capital Management LP grew its position in shares of Celestica by 73.7% in the 1st quarter. Quantinno Capital Management LP now owns 23,954 shares of the technology company’s stock valued at $6,746,000 after buying an additional 10,164 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Celestica in the 3rd quarter valued at $2,217,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.
Insider Buying and Selling at Celestica
In other Celestica news, CEO Robert Mionis sold 23,496 shares of Celestica stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the completion of the sale, the chief executive officer directly owned 23,396 shares of the company’s stock, valued at $8,478,476.44. The trade was a 50.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Todd C. Cooper sold 20,118 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total value of $7,242,480.00. Following the transaction, the president directly owned 73,252 shares of the company’s stock, valued at approximately $26,370,720. This represents a 21.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 67,010 shares of company stock worth $24,278,487 in the last three months. 1.10% of the stock is currently owned by corporate insiders.
About Celestica
Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.
Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.
Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.
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