Shares of Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) have received a consensus rating of “Buy” from the twenty-three ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $439.8095.
A number of analysts have recently commented on CLS shares. Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Stifel Nicolaus set a $500.00 price objective on Celestica in a report on Tuesday, July 28th. BWS Financial reissued a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Scotiabank initiated coverage on Celestica in a research note on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th.
Check Out Our Latest Stock Analysis on CLS
Celestica Trading Up 0.2%
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $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 anticipate that Celestica will post 10.71 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction 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 transaction, the chief financial officer owned 65,444 shares in the company, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 356,553 shares of company stock worth $135,238,444 over the last quarter. 1.10% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Celestica
Several hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust increased its position in shares of Celestica by 245.6% in the second quarter. Parkside Financial Bank & Trust now owns 197 shares of the technology company’s stock valued at $72,000 after acquiring an additional 140 shares during the last quarter. Corient Private Wealth LP raised its holdings in Celestica by 30.8% during the second quarter. Corient Private Wealth LP now owns 12,654 shares of the technology company’s stock worth $4,616,000 after acquiring an additional 2,981 shares in the last quarter. Amundi boosted its position in Celestica by 49.5% during the second quarter. Amundi now owns 319,304 shares of the technology company’s stock valued at $116,501,000 after purchasing an additional 105,752 shares during the last quarter. HighTower Advisors LLC boosted its position in Celestica by 10.7% during the second quarter. HighTower Advisors LLC now owns 18,138 shares of the technology company’s stock valued at $6,616,000 after purchasing an additional 1,747 shares during the last quarter. Finally, Washington Trust Advisors Inc. bought a new position in Celestica in the second quarter valued at approximately $28,000. Institutional investors own 67.38% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Celestica
- AI Token Costs Are Changing the Hardware vs. Software Debate
- 3 ETFs That Could Move as Rate Expectations Shift
- 3 Stocks With September Catalysts Investors Shouldn’t Ignore
- Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains
Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.
