Celestica (NYSE:CLS) Price Target Raised to $350.00 at TD Cowen

Celestica (NYSE:CLS) (TSE:CLS) had its target price lifted by TD Cowen from $330.00 to $350.00 in a research report report published on Monday,Benzinga reports. The firm currently has a hold rating on the technology company’s stock.

A number of other brokerages have also weighed in on CLS. Barclays upped their target price on shares of Celestica from $359.00 to $391.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. BMO Capital Markets restated an “outperform” rating on shares of Celestica in a research report on Monday, January 26th. Zacks Research lowered shares of Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Canaccord Genuity Group upped their target price on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, Bank of America started coverage on shares of Celestica in a research report on Wednesday, January 28th. They set a “buy” rating and a $400.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $369.68.

Celestica Price Performance

Shares of NYSE:CLS opened at $400.59 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 1.44. The firm has a fifty day moving average price of $296.37 and a 200 day moving average price of $301.39. Celestica has a fifty-two week low of $78.84 and a fifty-two week high of $404.95. The firm has a market cap of $46.06 billion, a price-to-earnings ratio of 55.79 and a beta of 1.88.

Insider Buying and Selling at Celestica

In other Celestica news, insider Yann L. Etienvre sold 86,229 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $287.45, for a total transaction of $24,786,526.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Todd C. Cooper sold 89,484 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $287.45, for a total transaction of $25,722,175.80. Following the transaction, the president directly owned 108,970 shares in the company, valued at $31,323,426.50. This trade represents a 45.09% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 297,923 shares of company stock valued at $88,027,459. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Celestica during the 4th quarter valued at about $28,000. Swiss RE Ltd. purchased a new position in Celestica during the 4th quarter valued at about $29,000. Cullen Frost Bankers Inc. purchased a new position in Celestica during the 4th quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB increased its position in Celestica by 42.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after purchasing an additional 37 shares during the period. Finally, First Horizon Corp purchased a new position in Celestica during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica News Roundup

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Bank of America raised its price target to $430 and maintains a “buy” call — a clear bullish catalyst that supports further upside. Bank of America raises PT to $430
• Positive Sentiment: Zacks published multiple bullish pieces noting Celestica’s above-average financial growth and an impressive earnings‑surprise history, arguing the company has the setup to beat the next quarter — this boosts investor confidence ahead of results. Is Celestica a Solid Growth Stock?
• Positive Sentiment: Coverage noting CLS at a 52-week high and outlook pieces on expected earnings growth reinforce momentum and attract momentum-driven buying. Celestica Hits Fresh High
• Neutral Sentiment: Comparative sector analysis highlights Celestica’s relative strength vs. peers this year — useful context but not an immediate price catalyst. Sector Comparison
• Negative Sentiment: TD Cowen (reported via BayStreet/Benzinga) raised its target to $350 but kept a “hold” rating — that target sits well below the current market price and signals some analysts view upside as limited or see near-term valuation risk. TD Cowen raises PT to $350 (hold)
• Negative Sentiment: Earlier intraday weakness tied to a sector move (report linking Google-related supply-chain news) briefly pressured shares — a reminder stock can be sensitive to broader tech/supplier headlines. Sector-driven dip on Google report

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.