Celestica (NYSE:CLS) Shares Up 1.1% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price shot up 1.1% during mid-day trading on Tuesday . The company traded as high as $381.05 and last traded at $371.25. 2,127,423 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 2,441,400 shares. The stock had previously closed at $367.37.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CLS. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective on the stock in a research note on Wednesday, April 29th. Stifel Nicolaus set a $445.00 target price on Celestica in a research report on Tuesday, April 28th. JPMorgan Chase & Co. boosted their target price on Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. UBS Group boosted their target price on Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada boosted their target price on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Trading Up 1.1%

The stock has a fifty day moving average of $343.15 and a 200-day moving average of $317.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The company has a market cap of $42.68 billion, a PE ratio of 44.89, a PEG ratio of 0.85 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the business earned $1.20 EPS. Celestica’s revenue was up 52.8% compared to the same quarter last year. 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 anticipate that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insider Transactions at Celestica

In related news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the transaction, the director owned 24,718 shares in the company, valued at $8,238,756.58. The trade was a 14.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 insiders.

Institutional Investors Weigh In On Celestica

Several hedge funds have recently made changes to their positions in CLS. NewGen Equity Long Short Fund purchased a new stake in shares of Celestica in the 2nd quarter worth $14,050,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Celestica by 7,646.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock valued at $157,000 after purchasing an additional 994 shares during the period. First Trust Advisors LP increased its holdings in shares of Celestica by 30.0% in the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock valued at $12,197,000 after purchasing an additional 18,025 shares during the period. NewEdge Advisors LLC grew its holdings in Celestica by 385.8% during the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock worth $438,000 after acquiring an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC grew its holdings in Celestica by 11.0% during the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock worth $497,000 after acquiring an additional 315 shares during the period. 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.