Celestica (NYSE:CLS) Coverage Initiated by Analysts at Sanford C. Bernstein

Stock analysts at Sanford C. Bernstein started coverage on shares of Celestica (NYSE:CLS) (TSE:CLS) in a research note issued on Wednesday, MarketBeat reports. The firm set an “outperform” rating and a $520.00 price target on the technology company’s stock. Sanford C. Bernstein’s target price would indicate a potential upside of 41.90% from the stock’s previous close.

Several other research analysts have also issued reports on CLS. Royal Bank Of Canada set a $450.00 target price on Celestica and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. TD set a $430.00 target price on shares of Celestica and gave the company a “buy” rating in a research note on Wednesday, September 16th. Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. FBN Securities began coverage on Celestica in a research report on Tuesday, September 15th. They issued an “outperform” rating and a $375.00 price target on the stock. Finally, Scotiabank began coverage on Celestica in a research note on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 price target on the stock. Twenty-three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $450.50.

Celestica Stock Performance

Shares of CLS stock opened at $366.46 on Wednesday. The firm has a market capitalization of $42.14 billion, a price-to-earnings ratio of 38.09 and a beta of 2.04. The stock has a fifty day moving average of $327.51 and a 200 day moving average of $343.72. Celestica has a 52 week low of $230.24 and a 52 week high of $474.02. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.30 billion. During the same period in the previous year, the firm earned $1.39 EPS. The company’s quarterly revenue 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. As a group, research analysts expect that Celestica will post 10.71 earnings per share for the current year.

Insider Transactions at Celestica

In other 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 transaction of $5,952,330.44. Following the sale, the chief financial officer owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert Mionis sold 98,453 shares of the firm’s stock in a transaction that occurred on 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. Over the last 90 days, insiders have sold 243,067 shares of company stock worth $89,200,967. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Andra AP fonden grew its stake in shares of Celestica by 36.4% in the second quarter. Andra AP fonden now owns 30,700 shares of the technology company’s stock worth $11,199,000 after acquiring an additional 8,200 shares during the period. Junto Capital Management LP purchased a new position in Celestica during the second quarter valued at $43,461,000. Sequoia Financial Advisors LLC increased its holdings in Celestica by 0.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock worth $1,592,000 after acquiring an additional 40 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Celestica by 198.2% in the second quarter. Tidal Investments LLC now owns 106,509 shares of the technology company’s stock worth $38,854,000 after purchasing an additional 70,794 shares in the last quarter. Finally, IPG Investment Advisors LLC increased its stake in shares of Celestica by 449.7% in the second quarter. IPG Investment Advisors LLC now owns 5,360 shares of the technology company’s stock worth $1,954,000 after purchasing an additional 4,385 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.