Celestica (NYSE:CLS) Stock Price Up 3.4% – Should You Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price traded up 3.4% on Monday . The company traded as high as $345.44 and last traded at $342.7450. 2,372,346 shares were traded during trading, a decline of 2% from the average session volume of 2,412,615 shares. The stock had previously closed at $331.44.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. 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. Bank of America restated a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and increased their price objective for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada lifted their target price on Celestica from $440.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $437.00.

Celestica Price Performance

The stock has a fifty day simple moving average of $360.70 and a two-hundred day simple moving average of $333.66. The company has a market cap of $39.41 billion, a PE ratio of 35.63 and a beta of 2.05. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32.

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, topping analysts’ consensus estimates of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business posted $1.39 EPS. 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, equities analysts predict that Celestica, Inc. will post 9.97 EPS for the current fiscal year.

Insider Buying and Selling at Celestica

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction 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 owned 24,718 shares in the company, valued at $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 161,168 shares of company stock worth $63,190,485. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celestica

Large investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Celestica during the 4th quarter valued at about $28,000. Swiss RE Ltd. acquired a new position in shares of Celestica in the 4th quarter valued at about $29,000. Cullen Frost Bankers Inc. bought a new position in Celestica during the 4th quarter worth $30,000. Sittner & Nelson LLC bought a new position in Celestica in the 4th quarter worth about $31,000. Finally, Ascentis Independent Advisors bought a new position in shares of Celestica in the first quarter worth $29,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

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.