Celestica (NYSE:CLS) Trading Down 2.1% – Should You Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares traded down 2.1% on Wednesday . The stock traded as low as $358.51 and last traded at $363.8930. 1,266,279 shares were traded during trading, a decline of 49% from the average session volume of 2,469,261 shares. The stock had previously closed at $371.86.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CLS. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $475.00 price target on shares of Celestica in a research report on Tuesday, April 28th. UBS Group increased their price target on shares of Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $480.00 price target on shares of Celestica in a research report on Wednesday, April 29th. Finally, BMO Capital Markets increased their price target on shares of Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average target price of $427.42.

Celestica Stock Up 2.1%

The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market cap of $45.28 billion, a PE ratio of 47.62, a P/E/G ratio of 0.84 and a beta of 2.02. The firm’s 50 day moving average is $373.08 and its 200-day moving average is $324.17.

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

Insiders Place Their Bets

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction that occurred on 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 transaction, the director owned 24,718 shares of the company’s stock, valued at $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 corporate insiders.

Hedge Funds Weigh In On Celestica

A number of hedge funds have recently made changes to their positions in CLS. Legacy Wealth Managment LLC ID raised its holdings in shares of Celestica by 14.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after purchasing an additional 28 shares in the last quarter. Pinney & Scofield Inc. raised its holdings in shares of Celestica by 20.0% in the 3rd quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock worth $44,000 after purchasing an additional 30 shares in the last quarter. Capital Planning LLC raised its holdings in shares of Celestica by 3.2% in the 1st quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after purchasing an additional 32 shares in the last quarter. LeConte Wealth Management LLC raised its holdings in shares of Celestica by 3.5% in the 4th quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock worth $296,000 after purchasing an additional 34 shares in the last quarter. Finally, PCB Capital LLC raised its holdings in shares of Celestica by 3.5% in the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

About Celestica

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.