Celestica (NYSE:CLS) Price Target Raised to $350.00
by Renee Jackson · The Cerbat GemCelestica (NYSE:CLS – Get Free Report) (TSE:CLS) had its price objective lifted by analysts at TD from $330.00 to $350.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the technology company’s stock. TD’s price objective would suggest a potential downside of 12.22% from the company’s current price.
A number of other equities research analysts have also recently weighed in on the stock. Citigroup reduced their price target on shares of Celestica from $375.00 to $338.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Aletheia Capital boosted their price target on shares of Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Bank of America boosted their price target on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Celestica from $360.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus target price of $369.68.
Celestica Stock Up 0.7%
Shares of Celestica stock traded up $2.73 during trading on Monday, hitting $398.74. 902,640 shares of the stock were exchanged, compared to its average volume of 2,478,319. The stock has a market cap of $45.84 billion, a price-to-earnings ratio of 55.37 and a beta of 1.88. The firm’s 50-day moving average price is $294.75 and its 200 day moving average price is $300.34. Celestica has a 12-month low of $78.84 and a 12-month high of $404.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.44 and a quick ratio of 0.88.
Insider Activity
In other news, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction dated 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 directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Todd C. Cooper sold 1,065 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $301,938.15. Following the transaction, the president owned 108,970 shares in the company, valued at approximately $30,894,084.70. This trade represents a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 297,923 shares of company stock valued at $88,027,459. Insiders own 0.52% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in CLS. Northwestern Mutual Wealth Management Co. grew its position in Celestica by 5,806,149.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after buying an additional 3,657,874 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Celestica by 471.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after buying an additional 2,596,318 shares during the period. Viking Global Investors LP acquired a new position in Celestica during the third quarter worth about $424,459,000. Norges Bank acquired a new position in Celestica during the fourth quarter worth about $456,511,000. Finally, AQR Capital Management LLC acquired a new position in Celestica during the fourth quarter worth about $315,497,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Celestica
Here are the key news stories impacting Celestica this week:
- Positive Sentiment: Bank of America raised its price target to $430 and kept a “buy” rating, implying roughly an 8.4% upside from the recent price — a clear bullish catalyst for sentiment and flows. Article Title
- Positive Sentiment: Analysts and research notes (Zacks/Yahoo) highlight Celestica’s setup for an earnings beat — expectations for revenue/earnings growth are supporting buy-side confidence ahead of the report. Article Title
- Neutral Sentiment: Coverage pieces note CLS is at a 52-week high and examine whether more upside remains; that momentum attracts attention but also raises valuation-sensitivity. Article Title
- Neutral Sentiment: Sector comparison notes show Celestica outperforming some peers year-to-date, which helps relative-performance flows but may be tempered if broader tech/computer stocks rebound. Article Title
- Negative Sentiment: TD Cowen raised its target to $350 but kept a “hold,” implying an ~11.7% downside vs. the recent price; the mixed signal can limit upside from investors who follow that shop. Article Title
- Negative Sentiment: Market reaction also included a short-term dip tied to a Google-related report (noted by Seeking Alpha), showing how vendor-specific news in customers’ ecosystems can pressure shares. Article Title
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.