Celestica (NYSE:CLS) Shares Climb 1.9% – What’s Next?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) shot up 1.9% on Wednesday. The stock traded as high as $367.90 and last traded at $363.0240. 2,272,836 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 2,426,181 shares. The stock had previously closed at $356.09.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays cut their price objective on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Scotiabank started coverage on shares of Celestica in a research report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 target price for the company. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a report on Tuesday, July 28th. Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $447.19.

Celestica Trading Down 1.4%

The business’s fifty day simple moving average is $324.72 and its 200 day simple moving average is $341.70. 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 stock has a market cap of $42.34 billion, a P/E ratio of 38.28 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. Celestica’s quarterly revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 earnings per share. 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 expect that Celestica, Inc. will post 10.71 EPS for the current year.

Insider Activity at Celestica

In other news, CEO Robert Mionis sold 98,453 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the sale, the chief financial officer owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 243,067 shares of company stock worth $89,200,967 over the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CLS. Washington Trust Advisors Inc. bought a new stake in Celestica in the second quarter valued at approximately $28,000. Ascentis Independent Advisors acquired a new position in shares of Celestica in the 1st quarter valued at approximately $29,000. Sittner & Nelson LLC bought a new stake in Celestica during the 4th quarter worth approximately $31,000. Harbor Investment Advisory LLC acquired a new stake in Celestica during the 2nd quarter worth approximately $58,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Celestica during the 4th quarter worth approximately $59,000. 67.38% of the stock is currently owned by institutional investors.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.