Celestica (NYSE:CLS) Shares Gap Down – Time to Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) gapped down prior to trading on Thursday . The stock had previously closed at $362.76, but opened at $311.00. Celestica shares last traded at $320.4080, with a volume of 2,592,075 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CLS shares. BMO Capital Markets lifted their price target on shares of Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Citigroup boosted their target price on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. TD lifted their price objective on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, April 20th. Stifel Nicolaus set a $500.00 target price on Celestica in a report on Tuesday, July 28th. Finally, Barclays lowered their price objective on shares of Celestica from $441.00 to $430.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $437.00.

Celestica Stock Down 12.1%

The business has a 50-day moving average of $360.33 and a 200 day moving average of $334.55. The company has a market capitalization of $36.65 billion, a PE ratio of 32.96 and a beta of 2.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the business posted $1.39 EPS. The firm’s revenue for the quarter was up 62.4% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Equities research analysts predict that Celestica, Inc. will post 9.97 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Mandeep Chawla sold 883 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $366.52, for a total value of $323,637.16. Following the sale, the chief financial officer directly owned 81,561 shares in the company, valued at $29,893,737.72. The trade was a 1.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Max Wilson sold 4,168 shares of the company’s 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 owned 24,718 shares in the company, valued at $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 171,594 shares of company stock worth $67,021,079. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Several large investors have recently added to or reduced their stakes in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Celestica in the 4th quarter valued at approximately $28,000. Ascentis Independent Advisors bought a new position in shares of Celestica during the 1st quarter valued at approximately $29,000. Swiss RE Ltd. purchased a new stake in Celestica during the 4th quarter valued at $29,000. Cullen Frost Bankers Inc. bought a new stake in Celestica in the fourth quarter worth $30,000. Finally, Sittner & Nelson LLC purchased a new position in Celestica during the fourth quarter worth $31,000. 67.38% of the stock is owned by 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.