Celestica (NYSE:CLS) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Celestica (NYSE:CLS) (TSE:CLS) from a buy rating to a hold rating in a report published on Saturday morning.

Several other research analysts have also recently weighed in on the stock. Canadian Imperial Bank of Commerce increased their price target on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Scotiabank began coverage on Celestica in a report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price objective for the company. Wolfe Research upped their target price on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Rothschild & Co Redburn began coverage on Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 target price on the stock. Finally, Stifel Nicolaus set a $500.00 price target on Celestica in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica has a consensus rating of “Buy” and an average price target of $439.81.

Celestica Price Performance

NYSE:CLS opened at $298.87 on Friday. Celestica has a one year low of $183.66 and a one year high of $474.02. The company has a market cap of $34.36 billion, a P/E ratio of 31.07 and a beta of 2.06. The firm’s fifty day moving average price is $333.42 and its two-hundred day moving average price is $335.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion for 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 was up 62.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Equities analysts expect that Celestica will post 10.71 earnings per share for the current year.

Insider Activity

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the transaction, the chief executive officer directly owned 23,396 shares in the company, valued at $8,478,476.44. This represents a 50.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 356,553 shares of company stock valued at $135,238,444 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Celestica by 5,806,149.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after acquiring an additional 3,657,874 shares in the last quarter. Cibc World Market Inc. acquired a new stake in shares of Celestica during the 2nd quarter worth $757,811,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Celestica in the second quarter worth $674,199,000. Viking Global Investors LP bought a new position in shares of Celestica in the third quarter worth $424,459,000. Finally, Norges Bank acquired a new position in Celestica in the fourth quarter valued at about $456,511,000. 67.38% of the stock is currently owned by institutional investors.

About Celestica

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.