Celestica (NYSE:CLS) Upgraded 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 research note issued to investors on Friday morning.

Several other equities analysts have also issued reports on the company. UBS Group boosted their price objective on Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. upped their price target on shares of Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research report on Wednesday. Barclays boosted their price objective on shares of Celestica from $357.00 to $359.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Finally, CIBC increased their target price on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.75.

Celestica Price Performance

CLS opened at $303.66 on Friday. The stock has a market cap of $34.93 billion, a P/E ratio of 49.30 and a beta of 1.87. Celestica has a 12 month low of $58.05 and a 12 month high of $363.40. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $309.47 and a 200 day simple moving average of $262.69.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.13. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, research analysts expect that Celestica will post 4.35 EPS for the current year.

Insider Activity

In related news, Director Laurette T. Koellner bought 6,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the acquisition, the director owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Celestica

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Celestica by 2.1% during the third quarter. Vanguard Group Inc. now owns 4,738,673 shares of the technology company’s stock worth $1,166,093,000 after purchasing an additional 97,755 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Celestica by 471.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after buying an additional 2,596,318 shares during the period. Franklin Resources Inc. grew its holdings in shares of Celestica by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,921,417 shares of the technology company’s stock worth $473,386,000 after purchasing an additional 88,212 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Celestica by 17.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,733,686 shares of the technology company’s stock valued at $271,045,000 after purchasing an additional 259,504 shares in the last quarter. Finally, Viking Global Investors LP acquired a new position in Celestica in the third quarter valued at about $424,459,000. Institutional investors own 67.38% of the company’s stock.

Key Stories Impacting 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.

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.