Celestica (NYSE:CLS) Stock Jumps 8.7% After Analyst Upgrade

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price shot up 8.7% during trading on Wednesday after Canaccord Genuity Group raised their price target on the stock from $455.00 to $480.00. Canaccord Genuity Group currently has a buy rating on the stock. Celestica traded as high as $299.55 and last traded at $300.48. Approximately 3,422,619 shares changed hands during trading, an increase of 39% from the average session volume of 2,457,940 shares. The stock had previously closed at $276.54.

Several other research analysts have also weighed in on CLS. Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. TD set a $430.00 price objective on Celestica and gave the stock a “buy” rating in a research report on Wednesday, September 16th. FBN Securities initiated coverage on Celestica in a report on Tuesday, September 15th. They set an “outperform” rating and a $375.00 price objective for the company. Scotiabank initiated coverage on shares of Celestica in a report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 target price on the stock. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $400.00 price objective on shares of Celestica in a research note on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $453.32.

Insider Buying and Selling at Celestica

In other Celestica news, President Todd Cooper sold 20,118 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total value of $7,242,480.00. Following the completion of the sale, the president owned 73,252 shares of the company’s stock, valued at approximately $26,370,720. This trade represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The disclosure for this sale is available in the SEC filing. Insiders sold 232,641 shares of company stock worth $85,370,372 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Celestica News Roundup

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Raised outlook and strong AI-driven growth: Celestica exceeded third-quarter expectations, increased its 2026 guidance and outlined an aggressive 2027 growth ramp targeting approximately $40 billion in revenue. Demand for data-center infrastructure and AI-related products remains the primary bullish catalyst. CLS Raises 2026 Outlook as AI Demand Powers an Aggressive 2027 Ramp
• Positive Sentiment: Share repurchase authorization: The TSX accepted Celestica’s normal-course issuer bid, allowing the company to repurchase shares beginning November 3, 2026, through November 2, 2027, or until the program is completed. Buybacks could support per-share earnings and signal management’s confidence in long-term value. Celestica Announces TSX Acceptance of Normal Course Issuer Bid
• Positive Sentiment: Analyst support: Canaccord Genuity raised its price target to $480 and maintained a “buy” rating. Other coverage also remains bullish on Celestica’s AI exposure and earnings growth. Canaccord Genuity Group recommendations
• Neutral Sentiment: Unusually high options activity and post-earnings price volatility indicate heightened investor interest, but do not establish a clear directional signal. Celestica Sees Unusually Large Options Volume
• Negative Sentiment: Execution and valuation concerns: Investors are questioning whether rising capital expenditures, cash-flow pressure, customer concentration and a premium valuation adequately reflect the company’s expected AI growth. These concerns have outweighed the earnings beat in recent trading. CLS Falls 14.4% in a Week as AI Growth Meets Rising Execution Risks

Hedge Funds Weigh In On Celestica

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legacy Wealth Managment LLC ID lifted its stake in Celestica by 14.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after acquiring an additional 28 shares during the period. Capital Planning LLC lifted its stake in Celestica by 3.2% in the 1st quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after buying an additional 32 shares in the last quarter. PCB Capital LLC increased its position in Celestica by 3.5% during the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after purchasing an additional 34 shares in the last quarter. Riverbend Wealth Management LLC lifted its stake in Celestica by 4.8% during the third quarter. Riverbend Wealth Management LLC now owns 745 shares of the technology company’s stock worth $269,000 after purchasing an additional 34 shares during the last quarter. Finally, XML Financial LLC lifted its stake in Celestica by 1.5% during the second quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock valued at $963,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Performance

The firm’s 50-day moving average is $325.37 and its two-hundred day moving average is $331.53. The company has a quick ratio of 0.68, a current ratio of 1.61 and a debt-to-equity ratio of 0.13. The stock has a market cap of $30.45 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 0.47 and a beta of 2.01.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, October 26th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.28. Celestica had a return on equity of 33.80% and a net margin of 6.83%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.39 billion. As a group, research analysts expect that Celestica, Inc. will post 11.55 EPS for the current year.

About Celestica

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.