Celestica (NYSE:CLS) Trading 1.6% Higher – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price was up 1.6% on Friday . The company traded as high as $361.64 and last traded at $360.5260. 854,293 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 2,347,325 shares. The stock had previously closed at $354.78.

Analysts Set New Price Targets

Several research firms have issued reports on CLS. Rothschild & Co Redburn initiated coverage on shares of Celestica in a research report on Friday, May 1st. They issued a “buy” rating and a $460.00 price target on the stock. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $480.00 target price on shares of Celestica in a research note on Wednesday, April 29th. TD lifted their target price on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. Susquehanna boosted their price target on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings raised Celestica from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $427.42.

Celestica Price Performance

The stock has a market cap of $41.45 billion, a P/E ratio of 43.59, a price-to-earnings-growth ratio of 0.84 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 company’s fifty day simple moving average is $374.75 and its 200-day simple moving average is $330.45.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.97 billion. During the same period last year, the firm earned $1.20 EPS. The firm’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, sell-side analysts forecast that Celestica, Inc. will post 9.5 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Robert Mionis sold 66,056 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 134,328 shares in the company, valued at approximately $53,739,259.68. This represents a 32.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 161,168 shares of company stock worth $63,190,485 over the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Several institutional investors have recently bought and sold shares of CLS. Spire Wealth Management increased its holdings in shares of Celestica by 354.3% in the fourth quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock valued at $1,767,000 after purchasing an additional 4,663 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Celestica by 7.7% during the 4th quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after buying an additional 31,086 shares in the last quarter. Norges Bank bought a new position in Celestica in the 4th quarter valued at $456,511,000. Marietta Investment Partners LLC bought a new position in Celestica in the 4th quarter valued at $1,273,000. Finally, BW Gestao de Investimentos Ltda. increased its stake in shares of Celestica by 29.9% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock valued at $9,217,000 after buying an additional 7,179 shares during the period. Institutional investors and hedge funds 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.