Celestica (NYSE:CLS) Trading Down 1.9% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price traded down 1.9% on Thursday . The stock traded as low as $340.00 and last traded at $350.8240. 2,471,896 shares were traded during mid-day trading, an increase of 1% from the average session volume of 2,437,023 shares. The stock had previously closed at $357.70.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CLS shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $480.00 price objective on shares of Celestica in a report on Wednesday, April 29th. Barclays lifted their price objective on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Wolfe Research upgraded Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. TD Cowen upgraded Celestica from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $350.00 to $430.00 in a report on Wednesday, April 29th. Finally, Stifel Nicolaus set a $445.00 price objective on Celestica in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and an average target price of $427.42.

Celestica Trading Down 1.9%

The firm has a market capitalization of $40.33 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 0.86 and a beta of 2.09. The company has a fifty day moving average price of $347.02 and a two-hundred day moving average price of $317.29. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.08. The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $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, research analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the transaction, the director directly owned 24,718 shares in the company, valued at $8,238,756.58. The trade was a 14.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Celestica

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alpine Woods Capital Investors LLC purchased a new stake in shares of Celestica during the first quarter worth $563,000. Glenmede Trust Co. NA increased its position in shares of Celestica by 1.7% during the first quarter. Glenmede Trust Co. NA now owns 4,438 shares of the technology company’s stock worth $1,250,000 after acquiring an additional 75 shares during the period. Verus Capital Partners LLC increased its position in shares of Celestica by 1,086.9% during the first quarter. Verus Capital Partners LLC now owns 9,495 shares of the technology company’s stock worth $2,675,000 after acquiring an additional 8,695 shares during the period. Montchanin Asset Management LLC purchased a new stake in shares of Celestica during the first quarter worth $315,000. Finally, BankChampaign National Association purchased a new stake in shares of Celestica during the first quarter worth $744,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

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.