Celestica (NYSE:CLS) Shares Down 4.5% – Time to Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price dropped 4.5% during mid-day trading on Monday . The stock traded as low as $333.11 and last traded at $342.3070. Approximately 2,138,383 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 2,472,813 shares. The stock had previously closed at $358.55.

Wall Street Analyst Weigh In

CLS has been the topic of several research analyst reports. Rothschild & Co Redburn initiated coverage on Celestica in a research report on Friday, May 1st. They issued a “buy” rating and a $460.00 price target on the stock. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and raised their price target for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. Zacks Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. raised their price target on Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Aletheia Capital raised their price target on Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $427.42.

Celestica Trading Down 4.5%

The firm has a market capitalization of $39.36 billion, a price-to-earnings ratio of 41.39, a P/E/G ratio of 0.83 and a beta of 2.09. The business has a 50-day moving average of $332.46 and a two-hundred day moving average of $316.48. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

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

Institutional Investors Weigh In On Celestica

A number of institutional investors have recently added to or reduced their stakes in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Celestica during the fourth quarter worth about $28,000. Swiss RE Ltd. bought a new position in Celestica during the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new position in Celestica during the fourth quarter worth about $30,000. Sittner & Nelson LLC bought a new position in Celestica during the fourth quarter worth about $31,000. Finally, Ascentis Independent Advisors bought a new position in Celestica during the first quarter worth about $29,000. 67.38% of the stock is owned by institutional investors and hedge funds.

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.