Celestica (NYSE:CLS) Stock Price Down 1.3% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price was down 1.3% during mid-day trading on Tuesday . The company traded as low as $309.50 and last traded at $310.3590. 1,897,809 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 2,455,433 shares. The stock had previously closed at $314.59.

Analysts Set New Price Targets

Several research analysts recently commented on CLS shares. Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Rothschild & Co Redburn began coverage on Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 price target for the company. Royal Bank Of Canada boosted their price target on Celestica from $440.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and set a $410.00 price objective on shares of Celestica in a research note on Wednesday, July 29th. Finally, Canadian Imperial Bank of Commerce increased their price objective on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $438.86.

Celestica Stock Down 1.3%

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 firm’s 50 day moving average price is $356.00 and its two-hundred day moving average price is $334.63. The company has a market capitalization 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 earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating 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 business 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 business posted $1.39 EPS. Celestica’s 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. Sell-side analysts anticipate 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 firm’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 directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the sale, the director directly owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 337,225 shares of company stock worth $128,112,965 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Hedge funds have recently added to or reduced their stakes in the business. Silvant Capital Management LLC acquired a new position in shares of Celestica in the second quarter valued at $91,000. LaSalle St. Investment Advisors LLC bought a new position in shares of Celestica in the second quarter valued at about $1,088,000. Ninepoint Partners LP acquired a new stake in shares of Celestica during the 2nd quarter worth about $2,880,000. PCM Encore LLC acquired a new stake in shares of Celestica during the 2nd quarter worth about $1,545,000. Finally, Vise Technologies Inc. acquired a new stake in shares of Celestica during the 2nd quarter worth about $19,107,000. 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.