Celestica (NYSE:CLS) Upgraded by FBN Securities to Strong-Buy Rating

FBN Securities upgraded shares of Celestica (NYSE:CLS) (TSE:CLS) to a strong-buy rating in a report issued on Tuesday morning,Zacks reports.

CLS has been the topic of several other research reports. Weiss Ratings cut shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Scotiabank started coverage on Celestica in a report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price target on the stock. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Wall Street Zen lowered Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Finally, UBS Group upgraded Celestica from a “neutral” rating to a “buy” rating and upped their price objective for the company from $410.00 to $430.00 in a research report on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $440.50.

Celestica Price Performance

NYSE CLS opened at $323.47 on Tuesday. Celestica has a one year low of $227.00 and a one year high of $474.02. The stock has a 50-day moving average of $323.56 and a 200 day moving average of $338.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The company has a market capitalization of $37.19 billion, a price-to-earnings ratio of 33.62 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the business earned $1.39 EPS. The business’s revenue for the quarter was up 62.4% compared to the same quarter last year. 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, sell-side analysts forecast that Celestica will post 10.71 EPS for the current year.

Insider Activity at Celestica

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of Celestica stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. The SEC filing for this sale provides additional information. Insiders sold 199,553 shares of company stock worth $73,437,196 over the last quarter. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after buying an additional 798,782 shares in the last quarter. Cibc World Market Inc. purchased a new stake in Celestica in the 2nd quarter worth approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Celestica during the 2nd quarter worth approximately $674,199,000. Franklin Resources Inc. raised its stake in Celestica by 18.6% during the 4th quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock worth $673,471,000 after acquiring an additional 356,797 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Celestica by 25.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,637,367 shares of the technology company’s stock valued at $484,022,000 after purchasing an additional 332,641 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.