Celestica, Inc. (NYSE:CLS) Stock Has Consensus Target Price of $448.30 According to Brokerages

Celestica, Inc. (NYSE:CLS) (TSE:CLS) has been assigned an average recommendation of “Buy” from the twenty-four research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, twenty-two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $451.05.

A number of research firms have recently issued reports on CLS. Zacks Research downgraded shares of Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Canadian Imperial Bank of Commerce boosted their price target on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Citigroup upped their target price on Celestica from $415.00 to $436.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and set a $400.00 price target on shares of Celestica in a research note on Friday, October 23rd. Finally, The Goldman Sachs Group reiterated a “conviction-buy” rating and set a $435.00 price target on shares of Celestica in a research report on Wednesday.

Insider Activity at Celestica

In other Celestica news, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was 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 owned 65,444 shares in the company, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 243,067 shares of company stock valued at $89,200,967 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Celestica

Large investors have recently made changes to their positions in the business. Kassira Wealth Management LLC raised its stake in Celestica by 489.6% during the 3rd quarter. Kassira Wealth Management LLC now owns 5,990 shares of the technology company’s stock valued at $2,165,000 after purchasing an additional 4,974 shares during the period. Americana Partners LLC lifted its holdings in shares of Celestica by 7.3% in the third quarter. Americana Partners LLC now owns 4,777 shares of the technology company’s stock valued at $1,727,000 after purchasing an additional 326 shares in the last quarter. Left Brain Wealth Management LLC boosted its position in shares of Celestica by 80.2% in the third quarter. Left Brain Wealth Management LLC now owns 1,000 shares of the technology company’s stock worth $361,000 after buying an additional 445 shares during the period. State of Wyoming boosted its position in shares of Celestica by 23.8% in the third quarter. State of Wyoming now owns 966 shares of the technology company’s stock worth $350,000 after buying an additional 186 shares during the period. Finally, Partners Wealth Management LLC acquired a new stake in shares of Celestica in the third quarter worth $393,000. Institutional investors own 67.38% of the company’s stock.

Key Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Strong Q3 results: Celestica reported revenue of approximately $5.7 billion and adjusted EPS of $3.30, exceeding analyst expectations of $5.39 billion and $3.02, respectively. Revenue rose roughly 83% year over year and earnings increased more than 100%, driven by strong demand for cloud, networking, and compute infrastructure. Celestica Q3 Earnings Beat Estimates on Strong CCS Demand
• Positive Sentiment: Ambitious 2027 outlook: Management expects sales to nearly double to about $40 billion in 2027, with projected non-GAAP EPS of approximately $21.50. The forecast reflects accelerating AI-related demand, including networking equipment and proprietary ASIC programs, as well as anticipated operating-margin expansion. Celestica sees 2027 sales nearly doubling to $40 billion
• Positive Sentiment: More bullish analyst sentiment: UBS raised its price target from $430 to $453 and assigned a Buy rating. Other coverage characterized Celestica as an attractively valued AI-infrastructure growth opportunity. Heavy call-option activity also indicated increased speculative interest in further gains.
• Neutral Sentiment: Momentum is strong but volatility is elevated: The stock’s earnings-driven surge followed a sharp selloff over the prior week and month, leaving investors divided between its powerful earnings growth and a high-risk valuation. Shares remain below their 50-day and 200-day moving averages.
• Negative Sentiment: Free-cash-flow concerns: While earnings and revenue growth are accelerating, analysts noted that Celestica expects negative free cash flow in 2027 because of substantial working-capital investment. Receivables sales and rising payables have also supported recent cash generation, raising questions about earnings-to-cash conversion. Celestica: Free Cash Flow Tells The Whole Story

Celestica Stock Performance

CLS stock opened at $300.32 on Friday. The stock’s 50 day simple moving average is $325.76 and its 200 day simple moving average is $331.62. Celestica has a 12-month low of $244.51 and a 12-month high of $474.02. The firm has a market cap of $34.53 billion, a P/E ratio of 28.41 and a beta of 2.01. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, October 26th. The technology company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.28. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.39 billion. As a group, equities research analysts predict that Celestica will post 10.71 EPS for the current year.

Celestica Company Profile

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.