Celestica (NYSE:CLS) Stock Moved Down to Hold by Zacks Research

Zacks Research lowered shares of Celestica (NYSE:CLS) (TSE:CLS) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks reports.

Several other research firms have also issued reports on CLS. Royal Bank Of Canada set a $450.00 price objective on Celestica and gave the company an “outperform” rating in a research note on Wednesday, August 26th. Wall Street Zen lowered Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Wolfe Research increased their price target on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. UBS Group raised shares of Celestica from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $410.00 to $430.00 in a research report on Monday, August 24th. Finally, Scotiabank initiated coverage on shares of Celestica in a research note on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 target price for the company. Twenty-three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and an average price target of $450.50.

Celestica Stock Performance

Shares of CLS stock opened at $366.46 on Monday. The company has a fifty day moving average price of $327.51 and a two-hundred day moving average price of $343.72. Celestica has a one year low of $230.24 and a one year high of $474.02. The stock has a market cap of $42.14 billion, a P/E ratio of 38.09 and a beta of 2.04. 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 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 company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the firm earned $1.39 EPS. Celestica’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, equities analysts predict that Celestica will post 10.71 EPS for the current year.

Insider Buying and Selling at Celestica

In related news, CEO Robert Mionis sold 23,396 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total transaction of $8,521,291.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Todd C. Cooper sold 20,118 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total value of $7,242,480.00. Following the sale, the president directly owned 73,252 shares in the company, valued at approximately $26,370,720. This trade represents a 21.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 243,067 shares of company stock valued at $89,200,967 in the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Celestica by 24.8% during the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after purchasing an additional 798,782 shares during the last quarter. Cibc World Market Inc. bought a new position in shares of Celestica in the 2nd quarter valued at $757,811,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Celestica during the 2nd quarter worth $674,199,000. Franklin Resources Inc. lifted its position 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 worth $673,471,000 after buying an additional 356,797 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Celestica by 25.5% in 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 buying an additional 332,641 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica News Summary

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Sanford C. Bernstein initiated coverage of Celestica with an “Outperform” rating and a $520 price target—approximately 42% above the reference price. The new coverage reinforces the bullish view that Celestica can benefit from strong demand for technology infrastructure and related manufacturing services.
• Positive Sentiment: Celestica continues to attract favorable analyst attention. Its consensus brokerage rating remains “Buy,” and recent coverage has highlighted the company as a closely watched stock. However, consensus ratings can be overly optimistic and should be weighed against valuation and execution risks. Celestica Receives Consensus Buy Rating
• Neutral Sentiment: Celestica shares increased despite a weaker broader market, indicating continued relative strength and investor demand. The move may reflect optimism surrounding the company’s growth outlook rather than a new fundamental announcement. Celestica Increases Despite Market Slip
• Negative Sentiment: Zacks Research downgraded Celestica from “Strong Buy” to “Hold,” which could limit near-term upside and encourage some investors to take profits after the stock’s substantial advance. The downgrade contrasts with Bernstein’s more bullish initiation.

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.