Bank of America Begins Coverage on Celestica (NYSE:CLS)

Bank of America assumed coverage on shares of Celestica (NYSE:CLS) (TSE:CLS) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm set a “buy” rating and a $400.00 price target on the technology company’s stock. Bank of America‘s price objective points to a potential upside of 33.71% from the stock’s current price.

Several other research analysts have also weighed in on the stock. New Street Research set a $400.00 price objective on shares of Celestica in a report on Wednesday, October 29th. TD Cowen reaffirmed a “hold” rating and set a $238.00 price target on shares of Celestica in a research report on Friday, October 3rd. Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Zacks Research cut shares of Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, The Goldman Sachs Group increased their target price on Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $344.24.

Celestica Price Performance

Shares of NYSE:CLS opened at $299.14 on Wednesday. The company has a market cap of $34.41 billion, a P/E ratio of 41.66 and a beta of 1.87. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. Celestica has a 52 week low of $58.05 and a 52 week high of $363.40. The business has a fifty day simple moving average of $311.10 and a 200-day simple moving average of $265.75.

Celestica (NYSE:CLS) (TSE:CLS) last released 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. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.01 billion. Celestica had a return on equity of 35.87% and a net margin of 6.72%.The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 earnings per share. Equities research analysts forecast that Celestica will post 4.35 EPS for the current year.

Institutional Trading of Celestica

Several large investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its position 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 worth $775,133,000 after buying an additional 2,596,318 shares during the period. Viking Global Investors LP purchased a new position in Celestica in the 3rd quarter worth approximately $424,459,000. Norges Bank purchased a new position in Celestica in the 2nd quarter worth approximately $236,069,000. SRS Investment Management LLC acquired a new stake in Celestica in the second quarter valued at approximately $135,289,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Celestica during the second quarter valued at approximately $90,425,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica News Roundup

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q4 beat and raised outlook: Celestica reported stronger-than-expected Q4 revenue and EPS (revenue up ~44%, EPS above estimates) and raised its FY‑2026 revenue and EPS guidance, supporting a bullish longer‑term growth story. Read More.
• Positive Sentiment: Analyst support: Bank of America initiated coverage with a Buy and a $400 target; RBC reiterated Buy — these carry weight for investor confidence despite near‑term volatility. Read More.
• Neutral Sentiment: Updated guidance details: Management gave Q1 EPS and revenue ranges above consensus and set FY‑2026 revenue target at $17B, reinforcing the company’s demand outlook but raising expectations for execution. Read More.
• Negative Sentiment: Accelerated $1B CapEx for AI: Management said it is accelerating ~$1 billion of capital expenditures to expand capacity for AI/data‑center demand — a near‑term cash and execution risk that likely worried investors despite the revenue upside. Read More.
• Negative Sentiment: Spending plan reaction and sell‑off: News that Celestica boosted its spending plan triggered an outsized intraday sell‑off as some investors appear to prefer near‑term cash conservatism over aggressive capacity build. Read More.
• Negative Sentiment: Investor litigation probe: A law firm announced an investor investigation into Celestica, adding regulatory/legal uncertainty that can amplify volatility. Read More.

About Celestica

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.