Celestica (NYSE:CLS) Stock Price Down 1.2% – Should You Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price was down 1.2% during trading on Wednesday . The company traded as low as $331.14 and last traded at $335.4530. Approximately 1,284,693 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 2,326,072 shares. The stock had previously closed at $339.59.

Analyst Ratings Changes

Several equities research analysts have commented on CLS shares. Weiss Ratings lowered shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $475.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $350.00 to $430.00 in a report on Wednesday, April 29th. Stifel Nicolaus set a $445.00 target price on shares of Celestica in a research report on Tuesday, April 28th. Finally, Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $427.42.

Celestica Stock Performance

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’s 50 day moving average price is $363.13 and its two-hundred day moving average price is $332.42. The firm has a market capitalization of $38.52 billion, a PE ratio of 40.51, a PEG ratio of 0.78 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping 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 company’s quarterly revenue 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. On average, equities analysts expect that Celestica, Inc. will post 9.57 earnings per share for the current year.

Insider Activity at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Mionis sold 18,176 shares of Celestica stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $385.17, for a total value of $7,000,849.92. Following the sale, the chief executive officer owned 60,384 shares of the company’s stock, valued at approximately $23,258,105.28. This represents a 23.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 161,168 shares of company stock valued at $63,190,485 over the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

A number of hedge funds and other institutional investors have recently modified their holdings of CLS. Legacy Wealth Managment LLC ID raised its stake in Celestica by 14.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after buying an additional 28 shares in the last quarter. Capital Planning LLC grew its position in shares of Celestica by 3.2% in the 1st quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after acquiring an additional 32 shares in the last quarter. LeConte Wealth Management LLC grew its position in shares of Celestica by 3.5% in the 4th quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock worth $296,000 after acquiring an additional 34 shares in the last quarter. PCB Capital LLC increased its holdings in shares of Celestica by 3.5% in the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after acquiring an additional 34 shares during the last quarter. Finally, Terra Nova Asset Management LLC increased its holdings in shares of Celestica by 2.3% in the 4th quarter. Terra Nova Asset Management LLC now owns 1,686 shares of the technology company’s stock valued at $498,000 after acquiring an additional 38 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

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.