Celestica (NYSE:CLS) Coverage Initiated at The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group assumed coverage on shares of Celestica (NYSE:CLS) (TSE:CLS) in a report released on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $340.00 price target on the technology company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 22.70% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Barclays upped their price target on shares of Celestica from $146.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Citigroup raised their target price on Celestica from $172.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Canaccord Genuity Group boosted their price target on Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. UBS Group restated a “neutral” rating and set a $208.00 price objective (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Finally, CICC Research initiated coverage on Celestica in a report on Tuesday, August 19th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $229.00.

Celestica Price Performance

CLS opened at $277.09 on Thursday. Celestica has a 1 year low of $55.30 and a 1 year high of $296.85. The company’s 50 day simple moving average is $230.90 and its 200 day simple moving average is $162.55. The stock has a market capitalization of $31.87 billion, a PE ratio of 59.98 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 issued 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 firm had revenue of $2.89 billion for 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 firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter last year, the firm earned $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, sell-side analysts expect that Celestica will post 4.35 EPS for the current year.

Institutional Trading of Celestica

Hedge funds and other institutional investors have recently bought and sold shares of the company. Golden State Wealth Management LLC grew its position in shares of Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. Hilltop National Bank lifted its stake in Celestica by 86.0% during the third quarter. Hilltop National Bank now owns 186 shares of the technology company’s stock worth $46,000 after purchasing an additional 86 shares during the last quarter. ST Germain D J Co. Inc. acquired a new position in Celestica in the second quarter worth $37,000. Twin Peaks Wealth Advisors LLC bought a new stake in Celestica during the second quarter valued at $40,000. Finally, HM Payson & Co. bought a new stake in Celestica during the third quarter valued at $71,000. 67.38% of the stock is owned by institutional investors.

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.