Celestica (NYSE:CLS) Shares Up 2.1% – Still a Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price rose 2.1% on Friday . The stock traded as high as $426.55 and last traded at $418.2940. Approximately 2,316,716 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 2,526,318 shares. The stock had previously closed at $409.59.

Key Headlines Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Zacks upgraded Celestica to a Zacks Rank #1 (Strong Buy), boosting near?term buying interest by highlighting stronger earnings prospects. All You Need to Know About Celestica (CLS) Rating Upgrade to Strong Buy
• Positive Sentiment: Analysts collectively raised Celestica’s revenue forecasts (reported as a ~10% lift), which supports higher valuation targets and signals improving outlook for end?market demand. Industry Analysts Just Upgraded Celestica Inc. (TSE:CLS) Revenue Forecasts By 10%
• Positive Sentiment: Major banks raised price targets and reiterated buy/outperform calls: Goldman Sachs lifted its PT from $430 to $475 after an earnings beat; CIBC increased its PT to US$480 and kept an Outperformer rating; JPMorgan also raised its target to $425 and kept an overweight stance. These upgrades underpin investor confidence and act as near?term buying catalysts. Goldman Sachs is Bullish on Celestica Inc. (CLS) CIBC Raises Celestica’s Price Target to US$480 From US$425 Celestica (NYSE:CLS) Given New $425.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Company fundamentals: Celestica reported a Q1 EPS beat (reported EPS topped estimates) and raised FY guidance, which supports forward earnings multiple expansion. Analysts are citing improving revenue growth and margin dynamics. Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Technical indicator: CLS recently crossed above its 20?day moving average, a short?term bullish technical signal that can attract momentum traders. Celestica (CLS) Crossed Above the 20-Day Moving Average: What That Means for Investors
• Negative Sentiment: Market reaction volatility: Despite strong Q1 EPS, shares previously plunged intraday (~14% reported) after investors focused on a revenue miss in the Enterprise segment and component?shortage noise—this shows profit?taking and sensitivity to execution risks. Celestica Stock Falls 14% Despite Posting Strong Q1 Results

Analysts Set New Price Targets

CLS has been the topic of several research reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $480.00 target price on shares of Celestica in a report on Wednesday. Wolfe Research raised Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective on the stock in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. Finally, Barclays increased their price objective on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Trading Up 2.1%

The company has a quick ratio of 0.88, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market cap of $48.09 billion, a price-to-earnings ratio of 50.58, a price-to-earnings-growth ratio of 1.13 and a beta of 1.88. The business has a 50 day moving average of $313.88 and a 200 day moving average of $309.08.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share. 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, research analysts forecast that Celestica, Inc. will post 8.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Celestica news, President Todd C. Cooper sold 1,065 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total value of $301,938.15. Following the sale, the president directly owned 108,970 shares of the company’s stock, valued at approximately $30,894,084.70. This trade represents a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yann L. Etienvre sold 1,145 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total value of $324,618.95. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 297,923 shares of company stock valued at $88,027,459. Insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

A number of hedge funds have recently added to or reduced their stakes in CLS. Northwestern Mutual Wealth Management Co. boosted its stake in Celestica by 5,806,149.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after buying an additional 3,657,874 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Celestica by 471.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after buying an additional 2,596,318 shares during the last quarter. Viking Global Investors LP acquired a new stake in Celestica in the 3rd quarter worth about $424,459,000. Norges Bank acquired a new stake in Celestica in the 4th quarter worth about $456,511,000. Finally, AQR Capital Management LLC acquired a new stake in Celestica in the 4th quarter worth about $315,497,000. 67.38% of the stock is owned by institutional investors and hedge funds.

About Celestica

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.