Celestica (NYSE:CLS) Upgraded by Wall Street Zen to Buy Rating

Celestica (NYSE:CLS) (TSE:CLS) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

CLS has been the subject of a number of other research reports. TD Securities cut shares of Celestica from a “buy” rating to a “hold” rating and increased their price objective for the company from $130.00 to $238.00 in a research note on Friday. JPMorgan Chase & Co. upped their target price on shares of Celestica from $225.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. UBS Group restated a “neutral” rating and set a $208.00 price target (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. CICC Research assumed coverage on Celestica in a research note on Tuesday, August 19th. They issued an “outperform” rating on the stock. Finally, TD Cowen restated a “hold” rating and set a $238.00 target price on shares of Celestica in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $207.38.

Celestica Trading Down 6.7%

Celestica stock opened at $234.08 on Friday. The business has a 50 day moving average price of $219.11 and a two-hundred day moving average price of $151.80. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. Celestica has a 12 month low of $52.25 and a 12 month high of $261.83. The stock has a market cap of $26.93 billion, a price-to-earnings ratio of 50.67 and a beta of 1.88.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.16. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.Celestica’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. As a group, equities analysts forecast that Celestica will post 4.35 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Rowlandmiller & PARTNERS.ADV acquired a new stake in Celestica during the 3rd quarter valued at $111,000. Corient Private Wealth LLC grew its holdings in shares of Celestica by 80.0% during the second quarter. Corient Private Wealth LLC now owns 15,115 shares of the technology company’s stock worth $2,360,000 after purchasing an additional 6,718 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of Celestica by 24.2% in the second quarter. Valeo Financial Advisors LLC now owns 4,363 shares of the technology company’s stock valued at $681,000 after buying an additional 849 shares in the last quarter. Orion Porfolio Solutions LLC bought a new position in shares of Celestica in the second quarter valued at about $319,000. Finally, Munro Partners acquired a new position in Celestica during the 2nd quarter worth about $3,880,000. 67.38% of the stock is owned by institutional investors and hedge funds.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.