Celestica (NYSE:CLS) Stock Price Up 4.2% – What’s Next?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) were up 4.2% during trading on Monday . The company traded as high as $359.77 and last traded at $350.24. Approximately 1,362,497 shares were traded during trading, a decline of 43% from the average session volume of 2,378,185 shares. The stock had previously closed at $336.21.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, April 24th. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target for the company in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $480.00 price target on shares of Celestica in a research report on Wednesday, April 29th. Royal Bank Of Canada upped their price objective on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings raised Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Celestica presently has an average rating of “Buy” and an average price target of $427.42.

Celestica Stock Up 4.2%

The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $40.27 billion, a PE ratio of 42.35, a price-to-earnings-growth ratio of 0.78 and a beta of 2.05. The business’s 50 day simple moving average is $378.26 and its 200 day simple moving average is $328.45.

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

Insider Buying and Selling at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the sale, the director directly owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 161,168 shares of company stock valued at $63,190,485 in the last three months. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Celestica

A number of large investors have recently made changes to their positions in CLS. Silverleafe Capital Partners LLC lifted its position in shares of Celestica by 22.8% in the second quarter. Silverleafe Capital Partners LLC now owns 986 shares of the technology company’s stock worth $360,000 after purchasing an additional 183 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Celestica by 54.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the technology company’s stock valued at $82,000 after buying an additional 79 shares during the period. Wealth High Governance Capital Ltda increased its stake in Celestica by 12.4% in the 1st quarter. Wealth High Governance Capital Ltda now owns 35,042 shares of the technology company’s stock valued at $9,871,000 after buying an additional 3,863 shares during the period. Wealth High Governance Asset Management Ltda. lifted its position in Celestica by 69.6% in the 1st quarter. Wealth High Governance Asset Management Ltda. now owns 29,916 shares of the technology company’s stock worth $8,427,000 after buying an additional 12,274 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Celestica by 5.6% during the 1st quarter. NewEdge Advisors LLC now owns 6,282 shares of the technology company’s stock valued at $1,770,000 after buying an additional 333 shares during the period. Institutional investors and hedge funds 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.