Celestica (NYSE:CLS) Stock Rating Upgraded by FBN Securities

Celestica (NYSE:CLS) (TSE:CLS) was upgraded by research analysts at FBN Securities to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks reports.

Other equities research analysts have also recently issued research reports about the stock. Barclays dropped their price objective on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Scotiabank initiated coverage on shares of Celestica in a research note on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price for the company. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a report on Tuesday, July 28th. Royal Bank Of Canada set a $450.00 price target on shares of Celestica and gave the company an “outperform” rating in a research report on Wednesday, August 26th. Finally, UBS Group raised shares of Celestica from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $410.00 to $430.00 in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $440.50.

Celestica Stock Performance

Shares of CLS stock opened at $323.47 on Tuesday. The stock has a market cap of $37.19 billion, a PE ratio of 33.62 and a beta of 2.04. The business has a 50-day simple moving average of $323.56 and a 200-day simple moving average of $338.09. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. Celestica has a 52-week low of $227.00 and a 52-week high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company earned $1.39 earnings per share. Celestica’s revenue for the quarter was up 62.4% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, equities analysts expect that Celestica will post 10.71 EPS for the current year.

Insider Activity at Celestica

In other news, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the completion of the transaction, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This represents a 19.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert Mionis sold 98,453 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 199,553 shares of company stock valued at $73,437,196. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in shares of Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after purchasing an additional 798,782 shares during the last quarter. Cibc World Market Inc. purchased a new stake in Celestica during the 2nd quarter worth approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Celestica during the 2nd quarter worth approximately $674,199,000. Franklin Resources Inc. increased its stake in Celestica by 18.6% during the 4th quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock worth $673,471,000 after buying an additional 356,797 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Celestica by 25.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,637,367 shares of the technology company’s stock valued at $484,022,000 after acquiring an additional 332,641 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.