Celestica (NYSE:CLS) Trading Up 1% – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price was up 1% during trading on Wednesday . The company traded as high as $346.72 and last traded at $333.38. 2,739,788 shares were traded during mid-day trading, an increase of 12% from the average session volume of 2,447,710 shares. The stock had previously closed at $329.97.

Wall Street Analyst Weigh In

Several research firms have commented on CLS. Bank of America reaffirmed a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. Canadian Imperial Bank of Commerce increased their price target on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Weiss Ratings cut shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Stifel Nicolaus set a $500.00 price target on shares of Celestica in a research note on Tuesday, July 28th. One 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $439.81.

Celestica Price Performance

The firm has a market cap of $38.33 billion, a PE ratio of 34.65 and a beta of 2.04. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average price of $326.16 and a 200 day moving average price of $336.61.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 EPS. 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, sell-side analysts expect that Celestica, Inc. will post 10.71 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Robert Mionis sold 98,453 shares of Celestica stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 356,553 shares of company stock worth $135,238,444. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Hedge funds have recently modified their holdings of the stock. Washington Trust Advisors Inc. purchased a new position in Celestica during the second quarter worth approximately $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Celestica during the 4th quarter worth $28,000. Ascentis Independent Advisors purchased a new position in shares of Celestica in the 1st quarter worth $29,000. Swiss RE Ltd. acquired a new position in Celestica in the fourth quarter valued at $29,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Celestica during the fourth quarter valued at about $30,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.