Scotiabank Reaffirms “Sector Outperform” Rating for Celestica (NYSE:CLS)

Celestica (NYSE:CLS) (TSE:CLS)‘s stock had its “sector outperform” rating reiterated by investment analysts at Scotiabank in a report released on Tuesday,Benzinga reports. They currently have a $500.00 price objective on the technology company’s stock. Scotiabank’s price target points to a potential upside of 58.79% from the stock’s previous close.

CLS has been the subject of a number of other reports. Weiss Ratings raised shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 30th. TD upped their price target on shares of Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and increased their target price for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. Finally, UBS Group reissued a “neutral” rating and issued a $410.00 price target on shares of Celestica in a research report on Wednesday, July 29th. One equities research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $438.86.

Celestica Stock Performance

Celestica stock opened at $314.88 on Tuesday. Celestica has a fifty-two week low of $173.23 and a fifty-two week high of $474.02. The company has a market capitalization of $36.20 billion, a PE ratio of 32.73 and a beta of 2.06. The company has a 50 day moving average price of $356.00 and a 200-day moving average price of $334.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping 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 period last year, the business posted $1.39 EPS. Celestica’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 analysts forecast that Celestica will post 9.97 earnings per share for the current year.

Insider Buying and Selling at Celestica

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 337,225 shares of company stock worth $128,112,965. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Celestica

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Celestica by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock valued at $1,423,333,000 after acquiring an additional 73,022 shares during the period. JPMorgan Chase & Co. boosted its holdings in Celestica by 24.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after purchasing an additional 798,782 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Celestica by 5,806,149.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after purchasing an additional 3,657,874 shares during the period. Franklin Resources Inc. raised its stake in shares of Celestica by 18.6% during the 4th 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 last quarter. Finally, Cibc World Market Inc. lifted its holdings in shares of Celestica by 30.6% in the 4th quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock valued at $670,279,000 after buying an additional 530,535 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

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.