Celestica (NYSE:CLS) Given a $450.00 Price Target at Royal Bank Of Canada

Celestica (NYSE:CLS) (TSE:CLS) has been given a $450.00 target price by equities research analysts at Royal Bank Of Canada in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 45.73% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective on the stock in a research report on Wednesday, April 29th. UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and upped their target price for the company from $410.00 to $430.00 in a research note on Monday. Wolfe Research raised their price target on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Rothschild & Co Redburn started coverage on shares of Celestica in a report on Friday, May 1st. They set a “buy” rating and a $460.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $439.81.

Celestica Stock Up 0.6%

NYSE CLS traded up $1.94 during mid-day trading on Wednesday, reaching $308.80. The stock had a trading volume of 651,085 shares, compared to its average volume of 2,445,446. Celestica has a 1 year low of $183.66 and a 1 year high of $474.02. The stock has a market cap of $35.51 billion, a PE ratio of 32.10 and a beta of 2.06. The company has a fifty day moving average price of $337.47 and a 200 day moving average price of $335.71. 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 earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company’s revenue was up 62.4% compared to the same quarter last year. During the same period last year, the business posted $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, research analysts expect that Celestica will post 10.15 earnings per share for the current year.

Insider Activity

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the transaction, the chief financial officer directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 356,553 shares of company stock worth $135,238,444 over the last three months. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Washington Trust Advisors Inc. purchased a new stake in shares of Celestica in the 2nd quarter worth $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Celestica during the fourth quarter valued at about $28,000. Ascentis Independent Advisors bought a new stake in Celestica during the first quarter valued at about $29,000. Swiss RE Ltd. purchased a new stake in Celestica in the fourth quarter worth about $29,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Celestica during the 4th quarter valued at approximately $30,000. 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.