Celestica (NYSE:CLS) Trading Down 7.3% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price dropped 7.3% on Thursday . The stock traded as low as $401.08 and last traded at $424.6580. Approximately 2,860,812 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 2,472,977 shares. The stock had previously closed at $458.14.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CLS shares. UBS Group boosted their price objective on Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada upped their price target on shares of Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Susquehanna increased their price target on shares of Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. TD raised their price objective on shares of Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. Finally, Bank of America upped their target price on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, April 20th. One equities 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Trading Down 12.6%

The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $364.82 and a 200 day simple moving average of $321.75. The company has a market cap of $42.73 billion, a price-to-earnings ratio of 44.94, a P/E/G ratio of 0.99 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share 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 business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the company posted $1.20 EPS. The business’s revenue for the quarter was up 52.8% on a year-over-year basis. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. On average, equities analysts anticipate that Celestica, Inc. will post 9.5 EPS for the current fiscal 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 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 sale, the director directly owned 24,718 shares in the company, valued at $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Celestica

A number of hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica in the 4th quarter valued at $28,000. Ascentis Independent Advisors acquired a new stake in shares of Celestica during the first quarter worth $29,000. Swiss RE Ltd. purchased a new stake in shares of Celestica in the fourth quarter valued at $29,000. Cullen Frost Bankers Inc. acquired a new position in Celestica in the fourth quarter valued at $30,000. Finally, Sittner & Nelson LLC purchased a new position in Celestica during the fourth quarter worth about $31,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

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.