Celestica (NYSE:CLS) Shares Down 4.5% – Time to Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares traded down 4.5% during mid-day trading on Monday . The company traded as low as $333.11 and last traded at $342.3070. 2,138,383 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 2,472,813 shares. The stock had previously closed at $358.55.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. TD Securities upgraded Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective for the company in a report on Wednesday, April 29th. Aletheia Capital increased their price objective on Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, BMO Capital Markets increased their price objective on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given 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 $427.42.

Celestica Trading Down 4.5%

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The company has a fifty day moving average of $332.46 and a 200-day moving average of $316.48. The firm has a market capitalization of $39.36 billion, a PE ratio of 41.39, a price-to-earnings-growth ratio of 0.83 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the company earned $1.20 earnings per share. Celestica’s quarterly revenue was up 52.8% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. On average, sell-side analysts anticipate that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Celestica

Institutional investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH raised its holdings in Celestica by 7.3% during the third quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock valued at $83,044,000 after buying an additional 22,863 shares in the last quarter. Spark Investment Management LLC grew its position in shares of Celestica by 17.4% in the third quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock valued at $6,643,000 after purchasing an additional 4,000 shares during the last quarter. Spire Wealth Management grew its position in shares of Celestica by 354.3% in the fourth quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock valued at $1,767,000 after purchasing an additional 4,663 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Celestica in the third quarter valued at about $28,924,000. Finally, Plato Investment Management Ltd grew its position in shares of Celestica by 154.5% in the third quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock valued at $3,676,000 after purchasing an additional 9,135 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.

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.