Celestica (NYSE:CLS) Trading 4.5% Higher – Should You Buy?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) were up 4.5% during mid-day trading on Wednesday . The company traded as high as $361.15 and last traded at $360.5260. Approximately 1,294,288 shares were traded during trading, a decline of 45% from the average session volume of 2,365,463 shares. The stock had previously closed at $345.06.

Analysts Set New Price Targets

A number of analysts have weighed in on CLS shares. The Goldman Sachs Group reissued a “buy” rating and issued a $475.00 price target on shares of Celestica in a report on Tuesday, April 28th. Rothschild & Co Redburn initiated coverage on shares of Celestica in a research report on Friday, May 1st. They set a “buy” rating and a $460.00 price objective for the company. Barclays increased their target price on shares of Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada lifted their target price on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, TD Securities upgraded Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target on the stock in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Celestica has a consensus rating of “Buy” and a consensus price target of $427.42.

Celestica Trading Up 1.6%

The business’s 50 day moving average price is $374.75 and its 200-day moving average price is $330.45. The company has a market cap of $41.45 billion, a price-to-earnings ratio of 43.59, a PEG ratio of 0.84 and a beta of 2.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26.

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, beating the consensus estimate of $2.08 by $0.08. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the business earned $1.20 EPS. The firm’s revenue was up 52.8% on a year-over-year basis. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. On average, research analysts forecast that Celestica, Inc. will post 9.5 EPS for the current year.

Insider Activity

In related news, Director Michael Max Wilson sold 4,168 shares of the firm’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 completion of the transaction, the director owned 24,718 shares in the company, valued at $8,238,756.58. This trade represents a 14.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 18,176 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the completion of the sale, the chief executive officer directly owned 60,384 shares in the company, valued at approximately $23,258,105.28. This represents a 23.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 161,168 shares of company stock worth $63,190,485. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Celestica during the fourth quarter worth approximately $28,000. Ascentis Independent Advisors bought a new stake in shares of Celestica during the first quarter worth $29,000. Swiss RE Ltd. bought a new stake in shares of Celestica during the fourth quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new position in shares of Celestica during the fourth quarter valued at $30,000. Finally, Sittner & Nelson LLC acquired a new position in shares of Celestica during the fourth quarter valued at $31,000. 67.38% of the stock is currently owned by institutional investors.

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.