Celestica (NYSE:CLS) Shares Down 6% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 6% during trading on Friday . The stock traded as low as $357.55 and last traded at $358.5040. 1,882,838 shares changed hands during trading, a decline of 24% from the average session volume of 2,476,160 shares. The stock had previously closed at $381.59.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CLS shares. Barclays raised their price target 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. UBS Group upped their price objective on shares of Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. TD increased their price objective on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 20th. BMO Capital Markets raised their target price on shares of Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Stifel Nicolaus set a $445.00 price target on shares of Celestica in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Stock Performance

The company has a fifty day moving average price of $330.70 and a two-hundred day moving average price of $316.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The company has a market capitalization of $41.22 billion, a P/E ratio of 43.35, a PEG ratio of 0.87 and a beta of 2.09.

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, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the business earned $1.20 EPS. The firm’s quarterly 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. Equities analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Celestica

A number of hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH lifted its position in shares of Celestica by 7.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock worth $83,044,000 after purchasing an additional 22,863 shares during the period. Spark Investment Management LLC boosted its stake in shares of Celestica by 17.4% in the 3rd quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock valued at $6,643,000 after purchasing an additional 4,000 shares during the last quarter. Spire Wealth Management increased its position in shares of Celestica by 354.3% during the fourth quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after buying an additional 4,663 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Celestica during the third quarter worth $28,924,000. Finally, Plato Investment Management Ltd raised its stake in Celestica by 154.5% during the third quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock worth $3,676,000 after buying an additional 9,135 shares during the last quarter. 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.