Celestica (NYSE:CLS) Upgraded to Buy at Wall Street Zen

Celestica (NYSE:CLS) (TSE:CLS) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

CLS has been the topic of several other reports. UBS Group reissued a “neutral” rating and issued a $208.00 target price (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. TD Cowen reissued a “hold” rating and issued a $238.00 target price on shares of Celestica in a research report on Friday. Canaccord Genuity Group lifted their target price on shares of Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. CICC Research initiated coverage on shares of Celestica in a research report on Tuesday, August 19th. They issued an “outperform” rating on the stock. Finally, Royal Bank Of Canada lifted their target price on shares of Celestica from $185.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. One research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.38.

Celestica Stock Down 6.7%

NYSE CLS opened at $234.08 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The company’s 50 day simple moving average is $219.11 and its 200 day simple moving average is $151.00. Celestica has a 12 month low of $52.25 and a 12 month high of $261.83. The company has a market capitalization of $26.93 billion, a P/E ratio of 50.67 and a beta of 1.88.

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, topping the consensus estimate of $1.23 by $0.16. The business had revenue of $2.89 billion for 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 firm’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period last year, the firm 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. Equities research analysts expect that Celestica will post 4.35 earnings per share for the current fiscal year.

Institutional Trading of Celestica

Large investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC boosted its holdings in shares of Celestica by 20.0% during the 2nd quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock worth $61,000 after buying an additional 65 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of Celestica by 102.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after buying an additional 83 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Celestica by 33.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock worth $55,000 after buying an additional 87 shares during the period. Freedom Investment Management Inc. boosted its holdings in shares of Celestica by 1.5% during the 1st quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company’s stock worth $501,000 after buying an additional 96 shares during the period. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of Celestica by 45.6% during the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after buying an additional 114 shares during the period. 67.38% of the stock is owned by institutional investors.

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.