Celestica (NYSE:CLS) Reaches New 52-Week High on Analyst Upgrade

Celestica, Inc. (NYSE:CLS) (TSE:CLS) hit a new 52-week high on Monday after TD raised their price target on the stock from $330.00 to $350.00. TD currently has a hold rating on the stock. Celestica traded as high as $404.95 and last traded at $399.5680, with a volume of 285296 shares changing hands. The stock had previously closed at $396.01.

CLS has been the topic of several other reports. TD Cowen increased their price objective on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Zacks Research lowered shares of Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Celestica from $360.00 to $425.00 and gave the company an “outperformer” rating in a report on Tuesday, April 14th. One research 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $369.68.

Insider Buying and Selling at Celestica

In other Celestica news, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the sale, the president owned 12,584 shares of the company’s stock, valued at approximately $3,887,449.28. This represents a 88.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Yann L. Etienvre sold 1,145 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $324,618.95. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 297,923 shares of company stock valued at $88,027,459. Corporate insiders own 0.52% of the company’s stock.

Key Celestica News

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

Institutional Investors Weigh In On Celestica

Several large investors have recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its holdings in shares of Celestica by 7.3% in the third quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock valued at $83,044,000 after buying an additional 22,863 shares during the period. Spark Investment Management LLC boosted its holdings in shares of Celestica by 17.4% in the third quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock valued at $6,643,000 after buying an additional 4,000 shares during the period. Spire Wealth Management boosted its holdings in shares of Celestica by 354.3% in the fourth quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock valued at $1,767,000 after buying an additional 4,663 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Celestica in the third quarter valued at approximately $28,924,000. Finally, Plato Investment Management Ltd boosted its holdings in shares of Celestica by 154.5% in the third quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock valued at $3,676,000 after buying an additional 9,135 shares during the period. Institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

The company has a market cap of $46.06 billion, a price-to-earnings ratio of 55.79 and a beta of 1.88. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average price is $296.37 and its two-hundred day moving average price is $301.39.

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.