Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) was upgraded by FBN Securities to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.
A number of other equities analysts have also recently commented on the stock. Bank of America reissued a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. Weiss Ratings downgraded shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. TD Cowen reiterated a “buy” rating on shares of Celestica in a research report on Wednesday. Scotiabank assumed coverage on Celestica in a research note on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price objective on the stock. Finally, Wolfe Research upped their price objective on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $440.50.
View Our Latest Research Report on CLS
Celestica Stock Up 2.1%
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last posted 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. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the firm posted $1.39 earnings per share. Celestica’s revenue for the quarter was up 62.4% compared to the same quarter last year. 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, equities analysts expect that Celestica will post 10.71 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CFO Mandeep Chawla sold 16,117 shares of the business’s 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 sale, the chief financial officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 199,553 shares of company stock valued at $73,437,196. 1.10% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Junto Capital Management LP bought a new stake in Celestica during the 2nd quarter valued at $43,461,000. Sequoia Financial Advisors LLC increased its stake 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 valued at $1,592,000 after buying an additional 40 shares during the period. Tidal Investments LLC raised its holdings in shares of Celestica by 198.2% in the second quarter. Tidal Investments LLC now owns 106,509 shares of the technology company’s stock valued at $38,854,000 after acquiring an additional 70,794 shares in the last quarter. IPG Investment Advisors LLC raised its holdings in shares of Celestica by 449.7% in the second quarter. IPG Investment Advisors LLC now owns 5,360 shares of the technology company’s stock valued at $1,954,000 after acquiring an additional 4,385 shares in the last quarter. Finally, Whetstone Capital Advisors LLC purchased a new stake in Celestica in the second quarter worth about $281,000. Institutional investors own 67.38% of the company’s stock.
About Celestica
Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.
Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.
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