Celestica (NYSE:CLS) Price Target Raised to $453.00

Celestica (NYSE:CLS) (TSE:CLS) had its target price increased by UBS Group from $430.00 to $453.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other brokerages have also recently issued reports on CLS. Sanford C. Bernstein reiterated an “outperform” rating on shares of Celestica in a research note on Thursday, October 15th. Citigroup boosted their target price on Celestica from $415.00 to $436.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America reissued a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. BWS Financial restated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Finally, Stifel Nicolaus set a $500.00 price target on Celestica in a research report on Tuesday, July 28th. 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. According to data from MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and a consensus target price of $453.32.

Celestica Price Performance

Celestica stock opened at $264.80 on Wednesday. The firm has a market cap of $33.39 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 0.72 and a beta of 2.01. Celestica has a 52-week low of $244.51 and a 52-week high of $474.02. The company has a quick ratio of 0.68, a current ratio of 1.61 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $324.62 and its two-hundred day moving average is $331.28.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly 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 company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Celestica had a net margin of 6.83% and a return on equity of 33.80%. On average, research analysts expect that Celestica will post 11.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other Celestica news, President Todd Cooper sold 20,118 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The shares were 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 of the company’s stock, valued at approximately $26,370,720. This represents a 21.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Robert Mionis sold 98,453 shares of the 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 SEC filing for this sale provides additional information. Insiders sold 232,641 shares of company stock worth $85,370,372 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in Celestica during the 1st quarter worth about $68,952,000. Ferguson Wellman Capital Management Inc. acquired a new position in shares of Celestica during the 3rd quarter worth about $27,821,000. K.J. Harrison & Partners Inc acquired a new position in shares of Celestica during the 2nd quarter worth about $1,092,000. Quantinno Capital Management LP increased its holdings in shares of Celestica by 73.7% in the 1st quarter. Quantinno Capital Management LP now owns 23,954 shares of the technology company’s stock valued at $6,746,000 after acquiring an additional 10,164 shares during the last quarter. Finally, Ninepoint Partners LP purchased a new position in shares of Celestica in the 2nd quarter valued at about $2,880,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

More Celestica News

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

About Celestica

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.