Celestica (NYSE:CLS) Shares Down 5.7% After Analyst Downgrade

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price was down 5.7% during mid-day trading on Friday after TD Securities downgraded the stock from a buy rating to a hold rating. TD Securities now has a $238.00 price target on the stock, up from their previous price target of $130.00. Celestica traded as low as $237.00 and last traded at $236.68. Approximately 664,299 shares traded hands during trading, a decline of 84% from the average daily volume of 4,108,683 shares. The stock had previously closed at $250.91.

A number of other equities research analysts also recently issued reports on CLS. Royal Bank Of Canada increased their price objective on shares of Celestica from $185.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on shares of Celestica from $225.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Citigroup increased their target price on shares of Celestica from $172.00 to $212.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Wall Street Zen cut shares of Celestica from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, UBS Group reissued a “neutral” rating and issued a $208.00 target price (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.38.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC raised its holdings in Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after buying an additional 83 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in Celestica in the 2nd quarter valued at approximately $37,000. Twin Peaks Wealth Advisors LLC bought a new position in Celestica in the 2nd quarter valued at approximately $40,000. First Horizon Advisors Inc. raised its holdings in Celestica by 33.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after buying an additional 87 shares during the last quarter. Finally, Wolff Wiese Magana LLC raised its holdings in Celestica by 45.6% in the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock valued at $57,000 after buying an additional 114 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Down 6.7%

The business’s fifty day moving average is $219.11 and its 200-day moving average is $151.00. The firm has a market cap of $26.93 billion, a P/E ratio of 50.67 and a beta of 1.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.16. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Analysts predict that Celestica, Inc. will post 4.35 EPS for the current year.

Celestica Company Profile

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.