Celestica (NYSE:CLS) Trading 2.6% Higher – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price traded up 2.6% during trading on Thursday . The company traded as high as $382.59 and last traded at $382.2060. 1,450,442 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 2,481,715 shares. The stock had previously closed at $372.55.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of research reports. Citigroup raised their price target on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. UBS Group raised their price target on Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. TD Cowen upgraded Celestica from a “hold” rating to a “buy” rating and raised their price target for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. Bank of America raised their price target on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. raised their price target on Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and an average price target of $427.42.

Celestica Trading Up 2.6%

The stock has a market capitalization of $43.94 billion, a PE ratio of 46.22, a P/E/G ratio of 0.87 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. The stock has a 50 day moving average price of $328.19 and a 200-day moving average price of $315.49.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.08. The company 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%.Celestica’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 earnings per share. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Sell-side analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current year.

Hedge Funds Weigh In On Celestica

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Greenline Wealth Management LLC lifted its position in Celestica by 34.2% during the first quarter. Greenline Wealth Management LLC now owns 1,032 shares of the technology company’s stock valued at $291,000 after purchasing an additional 263 shares in the last quarter. Lido Advisors LLC lifted its position in Celestica by 149.3% during the first quarter. Lido Advisors LLC now owns 3,099 shares of the technology company’s stock valued at $873,000 after purchasing an additional 1,856 shares in the last quarter. State of Wyoming lifted its position in Celestica by 486.4% during the first quarter. State of Wyoming now owns 1,161 shares of the technology company’s stock valued at $327,000 after purchasing an additional 963 shares in the last quarter. Cetera Investment Advisers lifted its position in Celestica by 13.8% during the first quarter. Cetera Investment Advisers now owns 66,458 shares of the technology company’s stock valued at $18,703,000 after purchasing an additional 8,057 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Celestica by 6.5% during the first quarter. First Trust Advisors LP now owns 62,944 shares of the technology company’s stock valued at $17,744,000 after purchasing an additional 3,818 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

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.