Celestica (NYSE:CLS) Stock Price Up 6.5% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares shot up 6.5% during trading on Tuesday . The stock traded as high as $365.67 and last traded at $365.5470. Approximately 1,730,341 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 2,396,689 shares. The stock had previously closed at $343.25.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CLS. The Goldman Sachs Group reissued a “buy” rating and issued a $475.00 price target on shares of Celestica in a research note on Tuesday, April 28th. Bank of America upped their price objective on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, April 20th. TD raised their target price on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 20th. UBS Group raised their price objective on shares of Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $427.42.

Celestica Trading Up 6.5%

The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $42.03 billion, a P/E ratio of 44.20, a PEG ratio of 0.79 and a beta of 2.02. The firm’s 50-day simple moving average is $382.26 and its 200 day simple moving average is $327.82.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.08. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the company posted $1.20 EPS. The business’s revenue was up 52.8% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Equities research analysts anticipate that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insider Buying and Selling

In other Celestica news, CEO Robert Mionis sold 18,176 shares of Celestica stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the transaction, the chief executive officer owned 60,384 shares in the company, valued at approximately $23,258,105.28. The trade was a 23.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the transaction, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. This represents a 17.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 161,168 shares of company stock worth $63,190,485. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Celestica by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock valued at $1,423,333,000 after purchasing an additional 73,022 shares during the period. JPMorgan Chase & Co. raised its holdings in Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after buying an additional 798,782 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Celestica by 5,806,149.2% during 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 period. Arrowstreet Capital Limited Partnership lifted its stake in Celestica by 471.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after buying an additional 2,596,318 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Celestica by 18.6% during the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock valued at $673,471,000 after buying an additional 356,797 shares in the last quarter. 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.