Celestica (NYSE:CLS) Upgraded at Zacks Research

Zacks Research upgraded shares of Celestica (NYSE:CLS) (TSE:CLS) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.

CLS has been the subject of a number of other research reports. Stifel Nicolaus reissued a “buy” rating and set a $385.00 target price (up previously from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. The Goldman Sachs Group upped their target price on Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. New Street Research set a $400.00 target price on Celestica in a report on Wednesday, October 29th. Finally, Canadian Imperial Bank of Commerce boosted their price target on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $356.59.

Celestica Stock Performance

Shares of CLS stock opened at $307.36 on Thursday. The stock has a market capitalization of $35.36 billion, a PE ratio of 42.81 and a beta of 1.86. The business’s 50 day simple moving average is $307.14 and its 200 day simple moving average is $271.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. Celestica has a one year low of $58.05 and a one year high of $363.40.

Insider Transactions at Celestica

In other Celestica news, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were 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 in the company, valued at approximately $3,887,449.28. This represents a 88.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Todd C. Cooper sold 89,484 shares of the firm’s stock in a transaction on 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 completion of 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 ownership of the stock. 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 over the last ninety days. 0.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Celestica

A number of institutional investors and hedge funds have recently made changes to their positions in CLS. Cullen Frost Bankers Inc. bought a new stake in Celestica during the 4th quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB grew its holdings in Celestica by 42.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after buying an additional 37 shares in the last quarter. First Horizon Corp purchased a new stake in Celestica in the 3rd quarter valued at $31,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Celestica in the 4th quarter valued at $38,000. Finally, Park Square Financial Group LLC lifted its stake in Celestica by 36.3% during the 4th quarter. Park Square Financial Group LLC now owns 154 shares of the technology company’s stock valued at $46,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Trending Headlines about Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Zacks upgraded CLS to a Strong Buy (Zacks #1), signaling improved near-term earnings optimism that can attract momentum and retail flows. Celestica (CLS) Upgraded to Strong Buy: Here’s Why
• Positive Sentiment: Zacks also put CLS on its momentum list of stocks to buy, which can amplify short‑term inflows from momentum-focused funds and traders. Best Momentum Stocks to Buy for February 6th
• Positive Sentiment: Sector/market narrative: coverage highlights Celestica as a beneficiary of Google’s huge 2026 capex plan, suggesting sustained demand for cloud and infrastructure electronics (a tailwind for CLS’s contract manufacturing). Why Celestica is a Massive Winner from Google’s CapEx Bonanza
• Positive Sentiment: Analyst/coverage support: TD Securities projects >10% upside, reinforcing bullish analyst sentiment that can support further price gains. Celestica Inc. (CLS:CA) TD Securities Forecasts Over 10% Upside
• Positive Sentiment: Fundamental bullishness: recent commentary (Seeking Alpha, Zacks) highlights strong growth in the HPS segment (now a material portion of revenue) and attractive longer‑term growth/valuation metrics — supporting a growth case beyond near‑term momentum. Celestica: A Hidden Gem For Aggressive Growth Portfolios
• Neutral Sentiment: Valuation discussion: coverage assessing valuation after recent volatility — useful for longer‑term investors to weigh the rally versus historical multiples and risk. Assessing Celestica (TSX:CLS) Valuation After Recent Share Price Weakness
• Negative Sentiment: Significant insider selling: multiple filings show large sales by executives — notably President Jason Phillips sold 120,000 shares across Feb 5–6 (including a 100,000‑share sale at ~\$308.92), and other insider disposals were also reported. Heavy insider selling can concern investors about insider conviction despite positive headlines. SEC Insider Filing(s)
• Negative Sentiment: Media flagged the insider transactions in roundup stories, which can create short‑term selling pressure or cause some investors to reassess timing despite bullish analyst and sector narratives. Insider Selling: Celestica (NYSE:CLS) President Sells $25,722,175.80 in Stock

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.