Celestica (NYSE:CLS) Lowered to Hold Rating by TD Securities

TD Securities lowered shares of Celestica (NYSE:CLS) (TSE:CLS) from a buy rating to a hold rating in a research report sent to investors on Friday morning, Marketbeat reports. The firm currently has $238.00 price objective on the technology company’s stock, up from their previous price objective of $130.00.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upped their price objective on Celestica from $225.00 to $295.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. BNP Paribas reaffirmed an “outperform” rating and set a $300.00 price target on shares of Celestica in a research report on Thursday, September 25th. Wall Street Zen downgraded shares of Celestica from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Royal Bank Of Canada upped their target price on shares of Celestica from $185.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, Citigroup lifted their price target on shares of Celestica from $172.00 to $212.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and a consensus price target of $207.38.

Celestica Stock Performance

Shares of CLS stock opened at $234.08 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average price of $219.11 and a 200-day moving average price of $151.00. Celestica has a 52 week low of $52.25 and a 52 week high of $261.83. The firm has a market capitalization of $26.93 billion, a PE ratio of 50.67 and a beta of 1.88.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.16. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the company posted $0.91 earnings per share. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. As a group, equities research analysts expect that Celestica will post 4.35 earnings per share for the current year.

Institutional Investors Weigh In On Celestica

A number of institutional investors have recently bought and sold shares of CLS. Norges Bank purchased a new position in shares of Celestica in the second quarter valued at about $236,069,000. Voya Investment Management LLC grew its holdings in Celestica by 362.8% during the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock valued at $146,122,000 after buying an additional 1,453,473 shares in the last quarter. Alkeon Capital Management LLC bought a new stake in shares of Celestica during the first quarter valued at approximately $96,936,000. SRS Investment Management LLC purchased a new position in shares of Celestica in the second quarter worth $135,289,000. Finally, Alliancebernstein L.P. boosted its position in shares of Celestica by 405.5% during the first quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company’s stock worth $57,684,000 after acquiring an additional 587,145 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.