Celestica (NYSE:CLS) Trading Down 2% – Time to Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price fell 2% on Friday . The stock traded as low as $292.64 and last traded at $296.03. Approximately 1,356,680 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 2,462,996 shares. The stock had previously closed at $302.00.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CLS. UBS Group reissued a “neutral” rating and set a $410.00 target price on shares of Celestica in a research note on Wednesday, July 29th. Canadian Imperial Bank of Commerce lifted their price target on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Bank of America reaffirmed a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $475.00 price objective on shares of Celestica in a report on Tuesday, April 28th. Finally, Citigroup increased their price objective on shares of Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $438.86.

Celestica Price Performance

The business has a 50-day moving average price of $343.11 and a two-hundred day moving average price of $335.43. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $34.04 billion, a price-to-earnings ratio of 30.77 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. Celestica’s revenue was up 62.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 EPS. 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 anticipate that Celestica, Inc. will post 9.97 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Robert Mionis sold 98,453 shares of Celestica stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mandeep Chawla sold 17,000 shares of Celestica 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 transaction, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 356,553 shares of company stock worth $135,238,444 over the last ninety days. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

A number of hedge funds have recently added to or reduced their stakes in CLS. Legacy Wealth Managment LLC ID raised its holdings in Celestica by 14.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after acquiring an additional 28 shares during the last quarter. Capital Planning LLC boosted its stake in Celestica by 3.2% during the 1st 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 during the last quarter. PCB Capital LLC boosted its stake in Celestica by 3.5% during the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after purchasing an additional 34 shares during the last quarter. Avantax Planning Partners Inc. increased its holdings in shares of Celestica by 2.7% in the 4th quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock worth $452,000 after purchasing an additional 40 shares in the last quarter. Finally, XML Financial LLC increased its holdings in shares of Celestica by 1.5% in the 2nd quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock worth $963,000 after purchasing an additional 40 shares in the last quarter. 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.