Celestica (NYSE:CLS) Trading Down 1.3% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) fell 1.3% on Tuesday . The company traded as low as $309.50 and last traded at $310.3590. Approximately 1,897,809 shares changed hands during trading, a decline of 23% from the average daily volume of 2,455,433 shares. The stock had previously closed at $314.59.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CLS shares. Citigroup boosted their price target on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings raised Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 30th. BWS Financial reiterated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price for the company in a research note on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce increased their price target on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $438.86.

Celestica Stock Performance

The stock has a market cap of $35.69 billion, a P/E ratio of 32.26 and a beta of 2.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $356.00 and its two-hundred day simple moving average is $334.63.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the firm earned $1.39 earnings per share. The firm’s revenue was up 62.4% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, research analysts forecast that Celestica, Inc. will post 9.97 EPS for the current year.

Insider Activity

In related news, CEO Robert Mionis sold 51,061 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $368.41, for a total transaction of $18,811,383.01. Following the completion of the transaction, the chief executive officer directly owned 46,892 shares in the company, valued at approximately $17,275,481.72. This trade represents a 52.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction that occurred on Tuesday, May 19th. The shares were 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 in the company, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 337,225 shares of company stock worth $128,112,965 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Several hedge funds have recently made changes to their positions in CLS. Legacy Wealth Managment LLC ID lifted its position in shares of Celestica by 14.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after purchasing an additional 28 shares in the last quarter. Capital Planning LLC grew its position in Celestica by 3.2% in the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after purchasing an additional 32 shares in the last quarter. PCB Capital LLC increased its stake in Celestica by 3.5% in the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after buying an additional 34 shares during the last quarter. Oxinas Partners LLC increased its stake in Celestica by 1.4% in the 4th quarter. Oxinas Partners LLC now owns 2,958 shares of the technology company’s stock valued at $874,000 after buying an additional 40 shares during the last quarter. Finally, Avantax Planning Partners Inc. lifted its position in Celestica by 2.7% during the 4th quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock worth $452,000 after buying an additional 40 shares in the last quarter. 67.38% of the stock is 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.