Celestica (NYSE:CLS) Shares Down 8.8% – Here’s What Happened

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 8.8% on Tuesday . The stock traded as low as $308.52 and last traded at $310.3680. 2,950,283 shares traded hands during mid-day trading, an increase of 19% from the average session volume of 2,471,343 shares. The stock had previously closed at $340.40.

Analysts Set New Price Targets

CLS has been the topic of a number of research reports. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and raised their target price for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. Barclays decreased their price target on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a research report on Tuesday, July 28th. Royal Bank Of Canada upped their target price on shares of Celestica from $440.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, UBS Group reiterated a “neutral” rating and set a $410.00 target price on shares of Celestica in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $438.86.

Celestica Stock Performance

The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of $347.21 and a 200-day moving average price of $335.51. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 32.26 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company earned $1.39 earnings per share. The company’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, analysts expect that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Celestica

In other news, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert Mionis sold 23,496 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the transaction, the chief executive officer owned 23,396 shares in the company, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 356,553 shares of company stock valued at $135,238,444 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

A number of hedge funds have recently added to or reduced their stakes in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica during the 4th quarter worth approximately $28,000. Ascentis Independent Advisors acquired a new stake in shares of Celestica in the 1st quarter valued at approximately $29,000. Swiss RE Ltd. purchased a new stake in shares of Celestica in the fourth quarter valued at approximately $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica in the fourth quarter valued at approximately $30,000. Finally, Sittner & Nelson LLC purchased a new stake in shares of Celestica in the fourth quarter valued at approximately $31,000. 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.