Celestica (NYSE:CLS) Stock Price Up 8.9% – Still a Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price shot up 8.9% during mid-day trading on Tuesday . The stock traded as high as $374.59 and last traded at $372.1910. Approximately 2,755,106 shares traded hands during trading, an increase of 14% from the average session volume of 2,415,012 shares. The stock had previously closed at $341.91.

Key Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica was highlighted as one of five highly efficient stocks with strong growth potential, placing it among a small group selected from a universe of 7,906 companies based on operating and financial ratios. Buy These 5 Top-Ranked Efficient Stocks With Strong Growth Potential
• Positive Sentiment: The company continues to benefit from demand for AI networking equipment, hyperscaler capital spending and strategic partnerships. Rising earnings estimates are supporting the view that Celestica can participate in the broader AI infrastructure buildout. CLS Stock Surges 20.1% in Six Months: Is There More Upside Ahead?
• Positive Sentiment: Recent quarterly results were considerably stronger than expected. EPS reached $2.54 versus the $2.29 consensus, revenue was $4.68 billion versus $4.30 billion expected, and sales increased 62.4% year over year. Management also provided third-quarter 2026 EPS guidance of $2.88 to $3.08 and full-year EPS guidance of $11.30.
• Positive Sentiment: Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $437. Stifel Nicolaus set a $500 target, while JPMorgan raised its target to $485. Celestica analyst coverage
• Neutral Sentiment: A recent analysis noted that Celestica’s higher 2026 outlook comes after an approximately 18% decline over 90 days, leaving investors to reassess whether the stock is below fair value after its longer-term gains. Celestica Lifted Guidance, Is the Pullback Leaving It Below Fair Value?
• Negative Sentiment: CEO Robert Mionis sold 9,543 shares worth about $3.51 million, reducing his direct holdings by 15.8%. CFO Mandeep Chawla also sold 883 shares valued at approximately $324,000. The sales could temper sentiment, although both executives retain substantial positions. Celestica Insider Selling
• Negative Sentiment: Valuation remains a risk: Celestica trades at roughly 36–39 times earnings, while its high beta makes the shares vulnerable if AI infrastructure spending or broader technology sentiment weakens.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of research reports. Canadian Imperial Bank of Commerce raised their target price on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Bank of America reaffirmed a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. Citigroup increased their price objective on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Barclays cut their price objective on shares of Celestica from $441.00 to $430.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $437.00.

Celestica Stock Performance

The business’s 50-day moving average price is $360.20 and its 200-day moving average price is $333.77. 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 stock has a market cap of $42.79 billion, a PE ratio of 38.69 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS 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 during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous 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. As a group, equities research analysts expect that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Insider Transactions at Celestica

In other news, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This trade represents a 17.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was 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 $8,238,756.58. The trade was a 14.43% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 171,594 shares of company stock valued at $67,021,079. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new position in Celestica during the first quarter valued at $68,952,000. CIBC Asset Management Inc grew its position in shares of Celestica by 7.7% in the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock valued at $129,499,000 after purchasing an additional 31,086 shares during the period. Norges Bank purchased a new stake in shares of Celestica during the fourth quarter worth about $456,511,000. Marietta Investment Partners LLC purchased a new stake in shares of Celestica during the fourth quarter worth about $1,273,000. Finally, BW Gestao de Investimentos Ltda. raised its position in shares of Celestica by 29.9% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock worth $9,217,000 after purchasing an additional 7,179 shares during 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.