Celestica (NYSE:CLS) Stock Price Down 8.9% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price fell 8.9% during mid-day trading on Friday . The company traded as low as $303.72 and last traded at $305.0530. 2,129,362 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 2,322,449 shares. The stock had previously closed at $334.75.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. BMO Capital Markets raised their price objective on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Rothschild & Co Redburn initiated coverage on Celestica in a research report on Friday, May 1st. They issued a “buy” rating and a $460.00 target price on the stock. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $475.00 target price on shares of Celestica in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Celestica has an average rating of “Buy” and a consensus price target of $427.42.

Celestica Price Performance

The firm has a market cap of $35.07 billion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 0.78 and a beta of 2.05. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $363.13 and a two-hundred day moving average of $332.42.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $1.20 EPS. 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, sell-side analysts anticipate that Celestica, Inc. will post 9.57 earnings per share for the current fiscal year.

Insider Activity

In related news, 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 transaction, the director owned 24,718 shares in the company, valued at $8,238,756.58. This trade represents a 14.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 66,056 shares of Celestica stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $400.06, for a total transaction of $26,426,363.36. Following the sale, the chief executive officer owned 134,328 shares in the company, valued at approximately $53,739,259.68. This represents a 32.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 161,168 shares of company stock valued at $63,190,485 over the last quarter. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Celestica

Hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Celestica in the fourth quarter worth $28,000. Ascentis Independent Advisors acquired a new stake in Celestica in the first quarter valued at $29,000. Swiss RE Ltd. bought a new position in Celestica during the 4th quarter worth $29,000. Cullen Frost Bankers Inc. bought a new position in Celestica during the 4th quarter worth $30,000. Finally, Sittner & Nelson LLC acquired a new position in Celestica during the 4th quarter worth about $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.