Celestica (NYSE:CLS) Trading 6.6% Higher on Analyst Upgrade

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) were up 6.6% on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $303.00 and last traded at $294.1610. Approximately 2,139,836 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 3,193,607 shares. The stock had previously closed at $275.86.

A number of other brokerages have also issued reports on CLS. Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Bank of America assumed coverage on shares of Celestica in a report on Wednesday, January 28th. They set a “buy” rating and a $400.00 target price on the stock. Canaccord Genuity Group raised their price target on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, The Goldman Sachs Group boosted their price target on shares of Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $356.59.

Insider Buying and Selling

In other Celestica news, insider Yann L. Etienvre sold 86,229 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $287.45, for a total transaction of $24,786,526.05. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Todd C. Cooper sold 89,484 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total transaction of $25,722,175.80. Following the sale, the president owned 108,970 shares of the company’s stock, valued at $31,323,426.50. This represents a 45.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 297,923 shares of company stock worth $88,027,459. Corporate insiders own 0.52% of the company’s stock.

Celestica News Roundup

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Zacks upgraded CLS to a Strong Buy (Zacks #1), signaling improved near-term earnings optimism that can attract momentum and retail flows. Celestica (CLS) Upgraded to Strong Buy: Here’s Why
• Positive Sentiment: Zacks also put CLS on its momentum list of stocks to buy, which can amplify short‑term inflows from momentum-focused funds and traders. Best Momentum Stocks to Buy for February 6th
• Positive Sentiment: Sector/market narrative: coverage highlights Celestica as a beneficiary of Google’s huge 2026 capex plan, suggesting sustained demand for cloud and infrastructure electronics (a tailwind for CLS’s contract manufacturing). Why Celestica is a Massive Winner from Google’s CapEx Bonanza
• Positive Sentiment: Analyst/coverage support: TD Securities projects >10% upside, reinforcing bullish analyst sentiment that can support further price gains. Celestica Inc. (CLS:CA) TD Securities Forecasts Over 10% Upside
• Positive Sentiment: Fundamental bullishness: recent commentary (Seeking Alpha, Zacks) highlights strong growth in the HPS segment (now a material portion of revenue) and attractive longer‑term growth/valuation metrics — supporting a growth case beyond near‑term momentum. Celestica: A Hidden Gem For Aggressive Growth Portfolios
• Neutral Sentiment: Valuation discussion: coverage assessing valuation after recent volatility — useful for longer‑term investors to weigh the rally versus historical multiples and risk. Assessing Celestica (TSX:CLS) Valuation After Recent Share Price Weakness
• Negative Sentiment: Significant insider selling: multiple filings show large sales by executives — notably President Jason Phillips sold 120,000 shares across Feb 5–6 (including a 100,000‑share sale at ~\$308.92), and other insider disposals were also reported. Heavy insider selling can concern investors about insider conviction despite positive headlines. SEC Insider Filing(s)
• Negative Sentiment: Media flagged the insider transactions in roundup stories, which can create short‑term selling pressure or cause some investors to reassess timing despite bullish analyst and sector narratives. Insider Selling: Celestica (NYSE:CLS) President Sells $25,722,175.80 in Stock

Institutional Trading of Celestica

A number of large investors have recently bought and sold shares of CLS. DAVENPORT & Co LLC increased its stake in Celestica by 56.8% in the 2nd quarter. DAVENPORT & Co LLC now owns 8,333 shares of the technology company’s stock valued at $1,300,000 after buying an additional 3,019 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of Celestica during the second quarter worth about $343,000. Vontobel Holding Ltd. raised its holdings in Celestica by 178.4% during the second quarter. Vontobel Holding Ltd. now owns 9,188 shares of the technology company’s stock worth $1,436,000 after purchasing an additional 5,888 shares in the last quarter. US Bancorp DE lifted its position in Celestica by 61.1% in the second quarter. US Bancorp DE now owns 9,209 shares of the technology company’s stock valued at $1,438,000 after purchasing an additional 3,494 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Celestica by 134.6% in the 2nd quarter. IFP Advisors Inc now owns 685 shares of the technology company’s stock valued at $107,000 after purchasing an additional 393 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Price Performance

The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $307.14 and a two-hundred day simple moving average of $271.11. The company has a market cap of $35.36 billion, a PE ratio of 42.81 and a beta of 1.86.

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.