Celestica (NYSE:CLS) Trading Down 4% – Should You Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares dropped 4% on Tuesday . The stock traded as low as $344.90 and last traded at $370.97. Approximately 2,375,234 shares were traded during trading, a decline of 4% from the average daily volume of 2,480,189 shares. The stock had previously closed at $386.50.

Analysts Set New Price Targets

CLS has been the topic of several analyst reports. Zacks Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. raised their target price on Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Bank of America raised their target price on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, April 20th. UBS Group raised their target price on Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, BMO Capital Markets raised their target price on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $427.42.

Celestica Price Performance

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 stock has a market capitalization of $42.65 billion, a price-to-earnings ratio of 44.86, a PEG ratio of 0.86 and a beta of 2.02. The stock has a 50-day moving average price of $367.06 and a 200 day moving average price of $322.44.

Celestica (NYSE:CLS) (TSE:CLS) last posted 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 return on equity of 36.91% and a net margin of 6.95%.The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the firm posted $1.20 EPS. Celestica’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. As a group, equities research analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Transactions at Celestica

In related news, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction dated 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 sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Several institutional investors have recently bought and sold shares of CLS. Northwestern Mutual Wealth Management Co. boosted its holdings in Celestica by 5,806,149.2% in 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 last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Celestica by 471.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after purchasing an additional 2,596,318 shares in the last quarter. Viking Global Investors LP purchased a new position in Celestica in the 3rd quarter worth approximately $424,459,000. Norges Bank purchased a new position in Celestica in the 4th quarter worth approximately $456,511,000. Finally, AQR Capital Management LLC purchased a new position in Celestica in the 4th quarter worth approximately $315,497,000. 67.38% of the stock is currently 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.