Celestica (NYSE:CLS) Trading Down 6.5% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares traded down 6.5% during mid-day trading on Friday . The stock traded as low as $336.54 and last traded at $338.0620. 1,421,439 shares were traded during trading, a decline of 41% from the average session volume of 2,405,965 shares. The stock had previously closed at $361.40.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CLS shares. Zacks Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Susquehanna upped their price objective on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. UBS Group increased their price objective on Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and raised their target price for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $480.00 target price on shares of Celestica in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Trading Down 6.5%

The business has a 50-day simple moving average of $383.05 and a two-hundred day simple moving average of $327.90. The stock has a market cap of $38.87 billion, a price-to-earnings ratio of 40.88, a P/E/G ratio of 0.79 and a beta of 2.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73.

Celestica (NYSE:CLS) (TSE:CLS) last released 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. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. The business’s revenue for the quarter 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. Equities analysts forecast that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insider Buying and Selling at Celestica

In other Celestica news, CEO Robert Mionis sold 18,176 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the transaction, the chief executive officer directly owned 60,384 shares in the company, valued at $23,258,105.28. The trade was a 23.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the director directly owned 24,718 shares in the company, valued at $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 161,168 shares of company stock valued at $63,190,485 in the last quarter. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Celestica

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Legacy Wealth Managment LLC ID raised its holdings in Celestica by 14.4% in 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. grew its position in shares of Celestica by 20.0% in the third quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after purchasing an additional 30 shares during the last quarter. Capital Planning LLC grew its position in shares of Celestica by 3.2% in the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after purchasing an additional 32 shares during the last quarter. LeConte Wealth Management LLC increased its stake in shares of Celestica by 3.5% during the fourth 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 during the period. Finally, PCB Capital LLC increased its stake in shares of Celestica by 3.5% during the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after purchasing an additional 34 shares during the period. 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.