Celestica (NYSE:CLS) Given New $300.00 Price Target at BMO Capital Markets

Celestica (NYSE:CLS) (TSE:CLS) had its target price raised by BMO Capital Markets from $230.00 to $300.00 in a report released on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the technology company’s stock.

A number of other equities research analysts also recently weighed in on CLS. Royal Bank Of Canada raised their target price on Celestica from $185.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. TD Cowen reaffirmed a “hold” rating and issued a $238.00 target price on shares of Celestica in a report on Friday, October 3rd. BNP Paribas reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Celestica in a report on Thursday, September 25th. Canaccord Genuity Group raised their target price on Celestica from $126.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on Celestica from $225.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Celestica has an average rating of “Moderate Buy” and a consensus target price of $220.46.

Celestica Price Performance

Shares of NYSE CLS opened at $248.08 on Tuesday. The stock has a market capitalization of $28.54 billion, a PE ratio of 53.70 and a beta of 1.88. 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 business has a fifty day moving average price of $226.52 and a two-hundred day moving average price of $159.03. Celestica has a fifty-two week low of $55.30 and a fifty-two week high of $270.15.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.16. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. As a group, equities analysts predict that Celestica will post 4.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Celestica

Hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp lifted its holdings in shares of Celestica by 1,103.8% during the first quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company’s stock worth $1,930,000 after purchasing an additional 22,452 shares during the period. Consolidated Planning Corp acquired a new position in shares of Celestica during the first quarter worth $3,361,000. Fortis Capital Advisors LLC acquired a new position in shares of Celestica during the second quarter worth $343,000. Think Investments LP acquired a new position in shares of Celestica during the first quarter worth $14,939,000. Finally, Royal Bank of Canada lifted its holdings in shares of Celestica by 1.5% during the first quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company’s stock worth $100,922,000 after purchasing an additional 19,391 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

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.