Celestica (NYSE:CLS) Shares Down 3.8% – Time to Sell?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 3.8% during trading on Wednesday . The stock traded as low as $354.06 and last traded at $356.7660. 2,042,212 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 2,437,787 shares. The stock had previously closed at $370.84.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CLS shares. Zacks Research cut shares of Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Barclays raised their target price on shares of Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and lifted their price target for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. Canaccord Genuity Group boosted their price target on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, UBS Group increased their price target on Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $427.42.

Celestica Price Performance

The company’s 50-day moving average is $348.39 and its 200-day moving average is $317.50. The firm has a market cap of $44.41 billion, a price-to-earnings ratio of 46.73, a price-to-earnings-growth ratio of 0.83 and a beta of 2.09. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company’s revenue was up 52.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. 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 predict that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Buying and Selling at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 24,718 shares of the company’s stock, valued at $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

A number of large investors have recently bought and sold shares of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Celestica in the fourth quarter worth approximately $28,000. Swiss RE Ltd. acquired a new position in shares of Celestica during the fourth quarter worth approximately $29,000. Cullen Frost Bankers Inc. bought a new position in shares of Celestica in the 4th quarter worth $30,000. Sittner & Nelson LLC bought a new position in shares of Celestica in the fourth quarter valued at $31,000. Finally, Ascentis Independent Advisors acquired a new position in Celestica during the 1st quarter valued at about $29,000. 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.