Celestica (NYSE:CLS) Price Target Raised to $430.00 at Bank of America

Celestica (NYSE:CLS) (TSE:CLS) had its price objective boosted by Bank of America from $400.00 to $430.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the company. BMO Capital Markets reissued an “outperform” rating on shares of Celestica in a research report on Monday, January 26th. Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 price objective on shares of Celestica in a research report on Thursday, January 22nd. Aletheia Capital boosted their price objective on Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. JPMorgan Chase & Co. boosted their price objective on Celestica from $360.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Celestica from $360.00 to $425.00 and gave the stock an “outperformer” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $369.68.

Celestica Stock Up 1.2%

CLS stock opened at $400.59 on Monday. The stock’s fifty day simple moving average is $296.37 and its two-hundred day simple moving average is $301.39. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. Celestica has a 1-year low of $78.84 and a 1-year high of $404.95. The stock has a market cap of $46.06 billion, a P/E ratio of 55.79 and a beta of 1.88.

Insider Activity

In other news, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the transaction, the president owned 12,584 shares of the company’s stock, valued at $3,887,449.28. This represents a 88.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Todd C. Cooper sold 89,484 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $287.45, for a total value 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 represents a 45.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 297,923 shares of company stock valued at $88,027,459 in the last 90 days. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CLS. Northwestern Mutual Wealth Management Co. lifted its position in shares of Celestica by 5,806,149.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after buying an additional 3,657,874 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Celestica by 471.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after purchasing an additional 2,596,318 shares during the period. Viking Global Investors LP bought a new stake in shares of Celestica during the 3rd quarter valued at $424,459,000. Norges Bank bought a new stake in shares of Celestica during the 4th quarter valued at $456,511,000. Finally, AQR Capital Management LLC bought a new stake in shares of Celestica during the 4th quarter valued at $315,497,000. 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

Celestica Company Profile

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.