Celestica (NYSE:CLS) Stock Price Down 12.6% – Time to Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price was down 12.6% on Friday . The stock traded as low as $367.00 and last traded at $371.6410. Approximately 3,505,504 shares changed hands during mid-day trading, an increase of 41% from the average daily volume of 2,482,826 shares. The stock had previously closed at $425.36.

Analysts Set New Price Targets

Several analysts have recently weighed in on CLS shares. Citigroup boosted their target price on Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Stifel Nicolaus set a $445.00 price objective on Celestica in a research note on Tuesday, April 28th. Rothschild & Co Redburn assumed coverage on Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 price objective for the company. Barclays upped their price objective on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $475.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $427.42.

Celestica Trading Down 12.6%

The company has a 50 day simple moving average of $363.43 and a 200 day simple moving average of $321.40. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $42.73 billion, a PE ratio of 44.94, a P/E/G ratio of 1.07 and a beta of 2.02.

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

Insider Transactions at Celestica

In other Celestica 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 owned 24,718 shares in the company, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica during the 4th quarter worth approximately $28,000. Ascentis Independent Advisors acquired a new position in Celestica during the 1st quarter worth approximately $29,000. Swiss RE Ltd. acquired a new position in Celestica during the 4th quarter worth approximately $29,000. Cullen Frost Bankers Inc. acquired a new position in Celestica during the 4th quarter worth approximately $30,000. Finally, Sittner & Nelson LLC acquired a new position in Celestica during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds 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.