Celestica (NYSE:CLS) Trading 2.1% Higher – Should You Buy?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) were up 2.1% during trading on Monday . The stock traded as high as $316.90 and last traded at $307.5440. 1,574,267 shares were traded during mid-day trading, a decline of 32% from the average session volume of 2,327,484 shares. The stock had previously closed at $301.34.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Stifel Nicolaus set a $445.00 price target on shares of Celestica in a research note on Tuesday, April 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $475.00 price objective on shares of Celestica in a report on Tuesday, April 28th. TD upped their price objective on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 20th. Finally, Royal Bank Of Canada increased their target price on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. 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. According to MarketBeat.com, Celestica presently has an average rating of “Buy” and a consensus target price of $427.42.

Celestica Stock Performance

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 stock has a market capitalization of $38.60 billion, a price-to-earnings ratio of 40.60, a price-to-earnings-growth ratio of 0.71 and a beta of 2.05. The stock’s 50-day simple moving average is $364.81 and its 200 day simple moving average is $331.91.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data 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. The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The company’s revenue was up 52.8% on a year-over-year basis. During the same quarter last year, the business 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. Analysts expect that Celestica, Inc. will post 9.57 earnings per share for the current fiscal year.

Insider Activity at Celestica

In related news, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the transaction, the director owned 24,718 shares in the company, valued at $8,238,756.58. This represents a 14.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. Insiders sold 161,168 shares of company stock valued at $63,190,485 over the last ninety days. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Celestica by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock worth $1,423,333,000 after buying an additional 73,022 shares during the period. JPMorgan Chase & Co. boosted its stake in Celestica by 24.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after acquiring an additional 798,782 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Celestica by 5,806,149.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after acquiring an additional 3,657,874 shares during the last quarter. Franklin Resources Inc. grew its holdings in Celestica by 18.6% during the 4th quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock worth $673,471,000 after acquiring an additional 356,797 shares during the period. Finally, Cibc World Market Inc. grew its holdings in Celestica by 30.6% during the 4th quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock worth $670,279,000 after acquiring an additional 530,535 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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.