Celestica (NYSE:CLS) Trading 1.6% Higher on Analyst Upgrade

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price rose 1.6% during trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $344.36 and last traded at $342.9750. 1,770,782 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 2,400,922 shares. The stock had previously closed at $337.53.

Other analysts have also issued research reports about the company. UBS Group boosted their price target on Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Stifel Nicolaus set a $445.00 target price on Celestica in a research report on Tuesday, April 28th. The Goldman Sachs Group reiterated a “buy” rating and issued a $475.00 target price on shares of Celestica in a report on Tuesday, April 28th. JPMorgan Chase & Co. raised their price target on Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings upgraded Celestica from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $427.42.

Insider Activity

In other news, CEO Robert Mionis sold 66,056 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $400.06, for a total value of $26,426,363.36. Following the completion of the transaction, the chief executive officer directly owned 134,328 shares of the company’s stock, valued at approximately $53,739,259.68. The trade was a 32.96% decrease in their position. The transaction 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 Celestica stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the transaction, the director directly owned 24,718 shares in the company, valued at approximately $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. In the last three months, insiders have sold 161,168 shares of company stock worth $63,190,485. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Celestica

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Legacy Wealth Managment LLC ID lifted its stake in Celestica by 14.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after acquiring an additional 28 shares during the period. Pinney & Scofield Inc. lifted its position in Celestica by 20.0% during the third quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after purchasing an additional 30 shares during the period. Capital Planning LLC boosted its holdings in Celestica by 3.2% in the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after purchasing an additional 32 shares during the last quarter. LeConte Wealth Management LLC grew its position in Celestica by 3.5% during the 4th quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock worth $296,000 after purchasing an additional 34 shares during the period. Finally, PCB Capital LLC raised its stake in shares of Celestica by 3.5% during the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Trading Down 0.8%

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 firm has a market cap of $41.62 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 0.80 and a beta of 2.02. The company has a fifty day moving average price of $381.65 and a 200-day moving average price of $327.93.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the company earned $1.20 earnings per share. Celestica’s revenue for the quarter 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. As a group, research analysts expect that Celestica, Inc. will post 9.5 EPS for the current year.

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.