Celestica (NYSE:CLS) Trading Down 8.7% – What’s Next?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) fell 8.7% on Monday . The stock traded as low as $313.00 and last traded at $316.3420. Approximately 2,327,435 shares were traded during trading, a decline of 5% from the average session volume of 2,441,861 shares. The stock had previously closed at $346.55.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wolfe Research boosted their target price on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Canadian Imperial Bank of Commerce raised their target price on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Finally, Stifel Nicolaus set a $500.00 price objective on Celestica in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $439.81.

Celestica Price Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The stock has a market capitalization of $36.37 billion, a PE ratio of 32.88 and a beta of 2.04. The stock’s 50 day moving average is $325.56 and its two-hundred day moving average is $337.48.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm posted $1.39 EPS. The firm’s revenue for the quarter was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, equities analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insider Activity

In related news, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the completion of the sale, the chief executive officer owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. This represents a 50.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the sale, the chief financial officer owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 273,497 shares of company stock valued at $102,018,031. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Celestica

A number of hedge funds and other institutional investors have recently modified their holdings of CLS. Washington Trust Advisors Inc. acquired a new position in shares of Celestica during the 2nd quarter valued at about $28,000. Ascentis Independent Advisors acquired a new stake in Celestica during the first quarter worth about $29,000. Cullen Frost Bankers Inc. acquired a new position in Celestica in the 4th quarter valued at about $30,000. Sittner & Nelson LLC acquired a new position in Celestica in the 4th quarter valued at about $31,000. Finally, Park Square Financial Group LLC grew its stake in shares of Celestica by 36.3% in the 4th quarter. Park Square Financial Group LLC now owns 154 shares of the technology company’s stock valued at $46,000 after buying an additional 41 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

About Celestica

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.