Celestica (NYSE:CLS) Trading Down 5.3% – What’s Next?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) fell 5.3% on Wednesday . The stock traded as low as $273.80 and last traded at $277.0440. Approximately 3,149,357 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 2,435,167 shares. The stock had previously closed at $292.59.

Analysts Set New Price Targets

Several research analysts have issued reports on CLS shares. Weiss Ratings cut Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. UBS Group upgraded Celestica from a “neutral” rating to a “buy” rating and lifted their target price for the company from $410.00 to $430.00 in a research report on Monday, August 24th. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. BWS Financial reaffirmed a “buy” rating on shares of Celestica in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. upped their target price on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $439.81.

Celestica Stock Down 5.3%

The company’s 50 day moving average is $330.70 and its 200 day moving average is $335.71. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The company has a market cap of $31.86 billion, a PE ratio of 28.80 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the business earned $1.39 EPS. The firm’s quarterly revenue was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, analysts predict that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Transactions at Celestica

In other Celestica news, CEO Robert Mionis sold 23,496 shares of Celestica stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44. Following the transaction, the chief executive officer directly owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. The trade was a 50.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the transaction, the chief financial officer owned 65,444 shares in the company, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 356,553 shares of company stock worth $135,238,444 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLS. Renaissance Technologies LLC purchased a new stake in shares of Celestica during the first quarter worth $68,952,000. CIBC Asset Management Inc boosted its holdings in shares of 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 purchasing an additional 31,086 shares during the last quarter. Norges Bank purchased a new stake in shares of Celestica in the fourth quarter valued at approximately $456,511,000. Marietta Investment Partners LLC acquired a new stake in shares of Celestica in the fourth quarter valued at approximately $1,273,000. Finally, BW Gestao de Investimentos Ltda. lifted its position in Celestica by 29.9% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock worth $9,217,000 after buying an additional 7,179 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Company Profile

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.