Celestica (NYSE:CLS) Shares Up 2% – Should You Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares were up 2% on Thursday . The company traded as high as $353.96 and last traded at $330.1770. 2,026,697 shares traded hands during trading, a decline of 17% from the average daily volume of 2,429,472 shares. The stock had previously closed at $323.83.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CLS shares. UBS Group raised Celestica from a “neutral” rating to a “buy” rating and upped their target price for the company from $410.00 to $430.00 in a research report on Monday, August 24th. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a report on Tuesday, July 28th. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. FBN Securities started coverage on shares of Celestica in a research report on Tuesday. They issued an “outperform” rating and a $375.00 target price for the company. Finally, Royal Bank Of Canada set a $450.00 target price on shares of Celestica and gave the company an “outperform” rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating and twenty-three have given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $440.50.

Celestica Trading Up 2.0%

The stock has a market cap of $37.96 billion, a P/E ratio of 34.32 and a beta of 2.04. The firm’s 50 day simple moving average is $323.56 and its two-hundred day simple moving average is $338.09. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data 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 net margin of 7.16% and a return on equity of 39.96%. The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. Celestica’s quarterly revenue 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. As a group, equities research analysts predict that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was 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. Insiders have sold a total of 199,553 shares of company stock valued at $73,437,196 over the last three months. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Celestica

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in shares of Celestica during the 1st quarter worth about $68,952,000. CIBC Asset Management Inc grew its position in Celestica by 7.7% during the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after buying an additional 31,086 shares in the last quarter. Norges Bank acquired a new stake in Celestica during the fourth quarter worth about $456,511,000. Marietta Investment Partners LLC bought a new position in Celestica during the fourth quarter valued at about $1,273,000. Finally, BW Gestao de Investimentos Ltda. increased its stake in Celestica by 29.9% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock valued at $9,217,000 after acquiring an additional 7,179 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.