Celestica (NYSE:CLS) Shares Up 2% – What’s Next?

by · The Cerbat Gem

Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) shares shot up 2% during mid-day trading on Wednesday . The stock traded as high as $358.15 and last traded at $345.8410. 1,698,130 shares were traded during mid-day trading, a decline of 31% from the average session volume of 2,461,962 shares. The stock had previously closed at $339.13.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CLS. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and boosted their price objective for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. BMO Capital Markets boosted their target price on shares of Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Aletheia Capital boosted their target price on shares of Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Bank of America boosted their target price on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $427.42.

View Our Latest Stock Report on CLS

Celestica Stock Up 2.0%

The company has a market capitalization of $39.76 billion, a PE ratio of 41.82, a price-to-earnings-growth ratio of 0.80 and a beta of 2.09. The firm’s 50-day simple moving average is $335.78 and its 200 day simple moving average is $316.59. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26.

Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.08 by $0.08. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The business’s revenue was up 52.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, equities research analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current year.

Institutional Investors Weigh In On Celestica

Several institutional investors and hedge funds have recently made changes to their positions in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Celestica in the 4th quarter worth about $28,000. Ascentis Independent Advisors purchased a new stake in shares of Celestica in the 1st quarter worth about $29,000. Swiss RE Ltd. purchased a new stake in shares of Celestica in the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica in the 4th quarter worth about $30,000. Finally, Sittner & Nelson LLC purchased a new stake in shares of Celestica in the 4th quarter worth about $31,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Company Profile

(Get Free Report)

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.

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