Celestica (NYSE:CLS) Shares Climb 8.7% Following Analyst Upgrade

Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded up 8.7% 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 daily volume of 2,457,940 shares. The stock had previously closed at $276.54.

A number of other equities research analysts also recently issued reports on the company. TD set a $430.00 price objective on Celestica and gave the stock a “buy” rating in a research report on Wednesday, September 16th. Zacks Research cut shares of Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Barclays lifted their price target on shares of Celestica from $406.00 to $414.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America restated a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. Finally, Wolfe Research increased their target price on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. One 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, Celestica has an average 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 company’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the completion of the sale, the president directly owned 73,252 shares in the company, valued at $26,370,720. This represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value of $5,952,330.44. Following the sale, the chief financial officer owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 232,641 shares of company stock valued at $85,370,372 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Trending Headlines about Celestica

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

Institutional Trading of Celestica

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Washington Trust Advisors Inc. acquired a new stake in shares of Celestica during the 2nd quarter worth about $28,000. Elevation Wealth Partners LLC purchased a new position in Celestica in the third quarter valued at about $28,000. Ascentis Independent Advisors bought a new stake in Celestica in the first quarter valued at about $29,000. Latitude Advisors LLC acquired a new stake in Celestica in the third quarter worth about $40,000. Finally, Mather Group LLC. raised its holdings in Celestica by 266.7% during the 3rd quarter. Mather Group LLC. now owns 121 shares of the technology company’s stock worth $44,000 after buying an additional 88 shares during the period. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Down 6.3%

The firm has a market cap of $30.45 billion, a P/E ratio of 25.05, a PEG ratio of 0.47 and a beta of 2.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.68 and a current ratio of 1.61. The company has a 50 day moving average of $325.37 and a 200 day moving average of $331.53.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, October 26th. The technology company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.02 by $0.28. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Celestica had a return on equity of 33.80% and a net margin of 6.83%. Analysts predict that Celestica, Inc. will post 11.55 EPS for the current fiscal year.

Celestica Company Profile

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.