Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) has received a consensus recommendation of “Buy” from the twenty-two research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $427.4211.
Several research firms have weighed in on CLS. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $475.00 price target on shares of Celestica in a report on Tuesday, April 28th. Susquehanna boosted their price objective on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Royal Bank Of Canada upped their price objective on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $480.00 target price on shares of Celestica in a research note on Wednesday, April 29th. Finally, Citigroup lifted their target price on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th.
Check Out Our Latest Stock Report on CLS
Celestica Stock Up 2.1%
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.08. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The business’s quarterly revenue was up 52.8% on a year-over-year basis. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Analysts anticipate that Celestica will post 9.57 EPS for the current fiscal year.
Insider Activity
In related news, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the transaction, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the sale, the director owned 24,718 shares in the company, valued at $8,238,756.58. The trade was a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 161,168 shares of company stock worth $63,190,485. 1.10% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Celestica
Hedge funds and other institutional investors have recently modified their holdings of the company. Bay Rivers Group raised its holdings in shares of Celestica by 0.3% during the 2nd quarter. Bay Rivers Group now owns 14,922 shares of the technology company’s stock valued at $5,444,000 after buying an additional 47 shares in the last quarter. Arista Wealth Management LLC boosted its stake in Celestica by 31.1% in the second quarter. Arista Wealth Management LLC now owns 4,714 shares of the technology company’s stock worth $1,720,000 after buying an additional 1,117 shares in the last quarter. Tactive Advisors LLC purchased a new stake in Celestica in the second quarter worth approximately $509,000. Hennion & Walsh Asset Management Inc. grew its position in Celestica by 47.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,874 shares of the technology company’s stock valued at $1,413,000 after acquiring an additional 1,248 shares during the last quarter. Finally, Sunburst Financial Group LLC grew its position in Celestica by 13.7% during the second quarter. Sunburst Financial Group LLC now owns 830 shares of the technology company’s stock valued at $303,000 after acquiring an additional 100 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.
Celestica Company Profile
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.
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