Celestica (NYSE:CLS) Trading Up 3.3% – Still a Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price shot up 3.3% during mid-day trading on Thursday . The company traded as high as $325.82 and last traded at $317.4160. 1,749,800 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 2,446,643 shares. The stock had previously closed at $307.32.

Analyst Upgrades and Downgrades

Several research firms have commented on CLS. Barclays lowered their price target on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a report on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Bank of America reaffirmed a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. BWS Financial reiterated a “buy” rating on shares of Celestica in a research note on Tuesday, July 28th. Finally, Wolfe Research increased their target price on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $439.81.

Celestica Price Performance

The stock has a market capitalization of $34.36 billion, a price-to-earnings ratio of 31.07 and a beta of 2.06. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $333.42 and a 200-day moving average of $335.61.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same quarter last year, the company earned $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, equities research analysts predict that Celestica, Inc. will post 10.42 EPS for the current fiscal year.

Insider Buying and Selling at Celestica

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the transaction, the chief financial officer owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $362.39, for a total value of $8,514,715.44. Following the transaction, the chief executive officer directly owned 23,396 shares in the company, valued at approximately $8,478,476.44. The trade was a 50.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 356,553 shares of company stock worth $135,238,444 over the last quarter. 1.10% of the stock is owned by company insiders.

Institutional Trading of Celestica

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Celestica by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock worth $1,423,333,000 after buying an additional 73,022 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Celestica by 24.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after acquiring an additional 798,782 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Celestica by 5,806,149.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after acquiring an additional 3,657,874 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Celestica by 18.6% during the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock worth $673,471,000 after acquiring an additional 356,797 shares during the last quarter. Finally, Cibc World Market Inc. increased its holdings in shares of Celestica by 30.6% in the 4th quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock valued at $670,279,000 after acquiring an additional 530,535 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

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.