Sanford C. Bernstein Begins Coverage on Celestica (NYSE:CLS)

Investment analysts at Sanford C. Bernstein began coverage on shares of Celestica (NYSE:CLS) (TSE:CLS) in a research report issued on Wednesday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $520.00 price target on the technology company’s stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 41.90% from the company’s previous close.

Several other equities research analysts have also recently issued reports on CLS. Weiss Ratings cut shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. FBN Securities began coverage on shares of Celestica in a research report on Tuesday, September 15th. They set an “outperform” rating and a $375.00 target price for the company. TD Cowen reaffirmed a “buy” rating on shares of Celestica in a research note on Wednesday, September 16th. Wall Street Zen downgraded shares of Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Finally, Wolfe Research boosted their price target on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Twenty-three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $450.50.

Celestica Stock Performance

NYSE CLS opened at $366.46 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. Celestica has a twelve month low of $230.24 and a twelve month high of $474.02. The business has a 50-day moving average price of $327.51 and a 200-day moving average price of $343.72. The firm has a market cap of $42.14 billion, a price-to-earnings ratio of 38.09 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the company earned $1.39 EPS. The firm’s quarterly revenue was up 62.4% on a year-over-year basis. 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 research analysts predict that Celestica will post 10.71 EPS for the current fiscal year.

Insider Activity at Celestica

In other news, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Todd C. Cooper sold 20,118 shares of the stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the sale, the president owned 73,252 shares in the company, valued at $26,370,720. The trade was a 21.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 243,067 shares of company stock valued at $89,200,967. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after purchasing an additional 798,782 shares during the period. Cibc World Market Inc. bought a new stake in Celestica in the second quarter worth about $757,811,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Celestica in the second quarter worth about $674,199,000. Franklin Resources Inc. boosted its position in shares of Celestica by 18.6% during the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock valued at $673,471,000 after buying an additional 356,797 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Celestica by 25.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,637,367 shares of the technology company’s stock valued at $484,022,000 after buying an additional 332,641 shares during the period. Hedge funds and other 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 services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.