Celestica (NYSE:CLS) Trading Up 3.7% – Time to Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price was up 3.7% during mid-day trading on Friday . The company traded as high as $368.83 and last traded at $367.8060. Approximately 1,712,480 shares were traded during trading, a decline of 30% from the average daily volume of 2,443,964 shares. The stock had previously closed at $354.77.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CLS shares. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and raised their price objective for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. Bank of America upped their target price on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $475.00 target price on shares of Celestica in a research report on Tuesday, April 28th. JPMorgan Chase & Co. upped their target price on shares of Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada upped their target price on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Stock Up 3.7%

The company’s 50-day moving average is $339.06 and its 200 day moving average is $316.70. The company has a market capitalization of $42.29 billion, a PE ratio of 44.47, a P/E/G ratio of 0.81 and a beta of 2.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.08 by $0.08. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the firm posted $1.20 EPS. Celestica’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. As a group, analysts anticipate that Celestica, Inc. will post 9.5 EPS for the current year.

Insider Buying and Selling

In related news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the sale, the director directly owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Trading of Celestica

Institutional investors have recently bought and sold shares of the company. Legacy Wealth Managment LLC ID lifted its stake in Celestica by 14.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after acquiring an additional 28 shares during the period. Pinney & Scofield Inc. lifted its stake in Celestica by 20.0% during the 3rd quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after acquiring an additional 30 shares during the period. Capital Planning LLC lifted its stake in Celestica by 3.2% during the 1st quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after acquiring an additional 32 shares during the period. LeConte Wealth Management LLC lifted its stake in Celestica by 3.5% during the 4th quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock valued at $296,000 after acquiring an additional 34 shares during the period. Finally, PCB Capital LLC lifted its stake in Celestica by 3.5% during the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after acquiring an additional 34 shares during the period. 67.38% of the stock is 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.