Celestica (NYSE:CLS) Trading Down 1.9% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price traded down 1.9% on Thursday . The company traded as low as $340.00 and last traded at $350.8240. 2,471,896 shares were traded during mid-day trading, an increase of 1% from the average session volume of 2,437,023 shares. The stock had previously closed at $357.70.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Rothschild & Co Redburn assumed coverage on Celestica in a research report on Friday, May 1st. They issued a “buy” rating and a $460.00 price objective for the company. TD raised their price objective on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. BMO Capital Markets raised their price objective on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective for the company in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $427.42.

Celestica Price Performance

The company has a market cap of $40.33 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 0.86 and a beta of 2.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The stock has a 50 day moving average of $347.02 and a 200-day moving average of $317.29.

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

Insider Buying and Selling at Celestica

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the transaction, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Celestica during the 4th quarter valued at about $28,000. Ascentis Independent Advisors purchased a new position in shares of Celestica during the 1st quarter valued at about $29,000. Swiss RE Ltd. purchased a new position in shares of Celestica during the 4th quarter valued at about $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Celestica during the 4th quarter valued at about $30,000. Finally, Sittner & Nelson LLC purchased a new position in shares of Celestica during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

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.