Celestica (NYSE:CLS) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Celestica (NYSE:CLS) (TSE:CLS) from a hold rating to a buy rating in a report issued on Friday morning.

Several other brokerages also recently weighed in on CLS. Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a report on Wednesday. Aletheia Capital raised their target price on shares of Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Celestica in a report on Thursday. CIBC lifted their price objective on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, BNP Paribas Exane restated an “outperform” rating and issued a $300.00 target price on shares of Celestica in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $340.75.

Celestica Trading Up 4.4%

NYSE CLS opened at $303.66 on Friday. The company has a 50 day moving average price of $309.47 and a 200 day moving average price of $261.24. The firm has a market cap of $34.93 billion, a PE ratio of 49.30 and a beta of 1.87. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. Celestica has a 52 week low of $58.05 and a 52 week high of $363.40.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the firm posted $1.04 EPS. Celestica’s revenue was up 27.8% on a year-over-year basis. As a group, sell-side analysts forecast that Celestica will post 4.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Celestica news, Director Laurette T. Koellner bought 6,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the transaction, the director directly owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Celestica

Hedge funds and other institutional investors have recently modified their holdings of the business. Thompson Davis & CO. Inc. acquired a new position in Celestica during the second quarter worth $328,000. Y Intercept Hong Kong Ltd raised its holdings in shares of Celestica by 406.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 52,606 shares of the technology company’s stock worth $8,212,000 after acquiring an additional 42,215 shares during the period. Fortis Capital Advisors LLC acquired a new position in shares of Celestica during the 2nd quarter valued at about $343,000. Light Street Capital Management LLC acquired a new position in shares of Celestica during the 2nd quarter valued at about $26,422,000. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Celestica by 2.2% in the second quarter. TD Waterhouse Canada Inc. now owns 150,422 shares of the technology company’s stock valued at $22,356,000 after purchasing an additional 3,221 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: TD Securities set a $305 price target, reinforcing buy-side confidence in Celestica’s near-term valuation and growth outlook. Read More.
• Positive Sentiment: Brokerages’ consensus remains constructive — Celestica was given an average “Moderate Buy” rating by analysts, supporting upside expectations. Read More.
• Positive Sentiment: Aletheia Capital published a bullish forecast calling for strong price appreciation, adding to positive sentiment from independent investors. Read More.
• Positive Sentiment: Earnings previews and analyst notes expect Celestica to “double beat” on Q4 results, supported by growth in the CCS (cloud & data-center) segment driven by AI/data-center demand and new switch programs. These expectations are a key driver of the stock’s strength. Read More.
• Neutral Sentiment: Multiple media pieces and analyst summaries (Globe and Mail, MSN) provide mixed analyst commentary and broader sector context but add no single decisive catalyst. Read More. Read More.
• Neutral Sentiment: Investor guidance pieces (e.g., “Should you sell your Celestica stock?”) discuss valuation and risk/ reward but do not introduce new fundamentals. Read More.
• Negative Sentiment: A report that Alphabet is exploring additional TPU suppliers triggered an early sell-off in CLS (shares fell on the news), creating short-term pressure despite the interpretation that it signals rising TPU demand overall. Read More.
• Negative Sentiment: Zacks highlighted a decline in ATS revenues and recent stock weakness (intraday slide), flagging risk from softer end markets and inventory pressure that could weigh on Q4 results if not offset by CCS strength. Read More.

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.