Wall Street Zen Downgrades Celestica (NYSE:CLS) to Hold

Celestica (NYSE:CLS) (TSE:CLS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. upped their target price on Celestica from $225.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Royal Bank Of Canada upped their target price on Celestica from $185.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $130.00 target price (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. CICC Research started coverage on Celestica in a report on Tuesday, August 19th. They set an “outperform” rating for the company. Finally, BNP Paribas raised Celestica to a “strong-buy” rating in a report on Wednesday, June 11th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Celestica presently has an average rating of “Buy” and an average target price of $174.75.

Celestica Stock Down 1.7%

Shares of Celestica stock opened at $241.65 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The firm has a market cap of $27.80 billion, a P/E ratio of 52.30 and a beta of 1.89. Celestica has a fifty-two week low of $44.46 and a fifty-two week high of $257.40. The business has a 50-day moving average price of $192.94 and a 200 day moving average price of $134.84.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The business’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 earnings per share. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. On average, sell-side analysts forecast that Celestica will post 4.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Celestica

Institutional investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its position in Celestica by 102.5% in the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares during the period. ST Germain D J Co. Inc. acquired a new stake in Celestica in the second quarter worth approximately $37,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Celestica in the second quarter worth approximately $40,000. Rothschild Investment LLC acquired a new stake in Celestica in the first quarter worth approximately $26,000. Finally, First Horizon Advisors Inc. lifted its position in Celestica by 33.1% in the second quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock worth $55,000 after purchasing an additional 87 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.