Celestica (NYSE:CLS) Stock Price Down 2.3% Following Analyst Downgrade

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares dropped 2.3% on Monday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock traded as low as $349.52 and last traded at $357.1070. 2,406,162 shares traded hands during trading, a decline of 1% from the average daily volume of 2,428,769 shares. The stock had previously closed at $365.44.

CLS has been the subject of a number of other research reports. Stifel Nicolaus set a $500.00 target price on Celestica in a report on Tuesday, July 28th. JPMorgan Chase & Co. lifted their price objective on Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce raised their price target on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Finally, FBN Securities started coverage on shares of Celestica in a report on Tuesday, September 15th. They set an “outperform” rating and a $375.00 price objective for the company. Twenty-three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average price target of $450.50.

Insider Transactions at Celestica

In other Celestica news, President Todd C. Cooper sold 20,118 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the transaction, the president directly owned 73,252 shares in the company, valued at $26,370,720. This trade represents a 21.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer owned 65,444 shares in the company, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 243,067 shares of company stock worth $89,200,967. Insiders own 1.10% of the company’s stock.

Key Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Sanford C. Bernstein initiated coverage of Celestica with an “Outperform” rating and a $520 price target—approximately 42% above the reference price. The new coverage reinforces the bullish view that Celestica can benefit from strong demand for technology infrastructure and related manufacturing services.
• Positive Sentiment: Celestica continues to attract favorable analyst attention. Its consensus brokerage rating remains “Buy,” and recent coverage has highlighted the company as a closely watched stock. However, consensus ratings can be overly optimistic and should be weighed against valuation and execution risks. Celestica Receives Consensus Buy Rating
• Neutral Sentiment: Celestica shares increased despite a weaker broader market, indicating continued relative strength and investor demand. The move may reflect optimism surrounding the company’s growth outlook rather than a new fundamental announcement. Celestica Increases Despite Market Slip
• Negative Sentiment: Zacks Research downgraded Celestica from “Strong Buy” to “Hold,” which could limit near-term upside and encourage some investors to take profits after the stock’s substantial advance. The downgrade contrasts with Bernstein’s more bullish initiation.

Institutional Investors Weigh In On Celestica

Large investors have recently modified their holdings of the business. Washington Trust Advisors Inc. bought a new position in shares of Celestica during the second quarter valued at approximately $28,000. Ascentis Independent Advisors bought a new stake in Celestica during the 1st quarter valued at $29,000. Sittner & Nelson LLC bought a new stake in Celestica during the 4th quarter valued at $31,000. Harbor Investment Advisory LLC purchased a new position in shares of Celestica in the 2nd quarter valued at $58,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Celestica in the 4th quarter worth $59,000. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 0.5%

The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $42.35 billion, a P/E ratio of 38.46 and a beta of 2.04. The company has a 50-day moving average price of $327.51 and a 200 day moving average price of $343.72.

Celestica (NYSE:CLS) (TSE:CLS) last issued 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. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share. 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, research analysts forecast that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.