Celestica (NYSE:CLS) Trading Down 2.3% – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price dropped 2.3% during mid-day trading on Tuesday . The stock traded as low as $287.50 and last traded at $292.64. 1,434,174 shares were traded during trading, a decline of 41% from the average session volume of 2,430,890 shares. The stock had previously closed at $299.40.

Analysts Set New Price Targets

CLS has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased 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. Barclays reduced their target price on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a research report on Tuesday, July 28th. Finally, BWS Financial restated a “buy” rating on shares of Celestica in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $439.81.

Celestica Stock Down 2.3%

The firm has a 50 day moving average price of $331.89 and a 200-day moving average price of $335.74. The firm has a market cap of $33.65 billion, a price-to-earnings ratio of 30.42 and a beta of 2.06. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm 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 quarterly revenue 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. On average, equities analysts forecast that Celestica, Inc. will post 10.71 EPS for the current year.

Insider Buying and Selling at Celestica

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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. Cibc World Market Inc. acquired a new stake in Celestica in the second quarter worth approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Celestica during the second quarter worth about $674,199,000. Viking Global Investors LP acquired a new stake in Celestica during the third quarter valued at approximately $424,459,000. Finally, Norges Bank acquired a new position in shares of Celestica in the 4th quarter worth $456,511,000. Institutional investors and hedge funds 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.