Celestica (NYSE:CLS) Shares Down 4% – Time to Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares fell 4% on Monday. The company traded as low as $346.95 and last traded at $347.7160. 1,402,235 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 2,400,282 shares. The stock had previously closed at $362.16.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. TD set a $430.00 price target on Celestica and gave the company a “buy” rating in a research note on Wednesday, September 16th. Royal Bank Of Canada set a $450.00 price objective on Celestica and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Stifel Nicolaus set a $500.00 price objective on Celestica in a report on Tuesday, July 28th. Zacks Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Finally, Canadian Imperial Bank of Commerce raised their target price on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Twenty-three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $450.50.

Celestica Price Performance

The firm has a market capitalization of $37.18 billion, a PE ratio of 33.61 and a beta of 2.01. 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 fifty day moving average price of $333.87 and a two-hundred day moving average price of $349.99.

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

Insider Activity at Celestica

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value of $5,952,330.44. Following the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The disclosure for this sale is available in the SEC filing. Insiders have sold 243,067 shares of company stock worth $89,200,967 in the last quarter. Company 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. Signal Advisors Wealth LLC increased its stake in Celestica by 103.7% in the 3rd quarter. Signal Advisors Wealth LLC now owns 1,752 shares of the technology company’s stock valued at $633,000 after buying an additional 892 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in Celestica during the 3rd quarter worth $2,217,000. Montrusco Bolton Investments Inc. acquired a new stake in shares of Celestica in the 3rd quarter worth $606,000. Terra Nova Asset Management LLC lifted its stake in shares of Celestica by 38.1% in the 3rd quarter. Terra Nova Asset Management LLC now owns 1,645 shares of the technology company’s stock worth $595,000 after acquiring an additional 454 shares during the period. Finally, Integrated Financial Solutions Inc. lifted its stake in shares of Celestica by 6.3% in the 3rd quarter. Integrated Financial Solutions Inc. now owns 2,110 shares of the technology company’s stock worth $765,000 after acquiring an additional 125 shares during the period. 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 services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.