Celestica (NYSE:CLS) Shares Down 5.8% – What’s Next?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 5.8% during mid-day trading on Friday . The stock traded as low as $298.53 and last traded at $298.87. Approximately 1,548,723 shares changed hands during trading, a decline of 37% from the average session volume of 2,442,090 shares. The stock had previously closed at $317.38.

Analyst Ratings Changes

Several research firms have weighed in on CLS. Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a research report on Tuesday, July 28th. BWS Financial reissued a “buy” rating on shares of Celestica in a research note on Tuesday, July 28th. Scotiabank began coverage on shares of Celestica in a report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 target price for the company. Finally, UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $410.00 to $430.00 in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $439.81.

Celestica Stock Performance

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 stock has a fifty day moving average price of $334.90 and a two-hundred day moving average price of $335.87. The company has a market capitalization of $34.36 billion, a price-to-earnings ratio of 31.07 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share. 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, analysts forecast that Celestica, Inc. will post 10.42 EPS for the current fiscal year.

Insider Buying and Selling at Celestica

In related news, CEO Robert Mionis sold 98,453 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the sale, the chief financial officer directly owned 82,444 shares in the company, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 356,553 shares of company stock valued at $135,238,444 over the last quarter. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

A number of hedge funds have recently made changes to their positions in CLS. Legacy Wealth Managment LLC ID grew its stake in shares of Celestica by 14.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after buying an additional 28 shares during the period. Capital Planning LLC increased its stake in Celestica by 3.2% during the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after acquiring an additional 32 shares during the last quarter. PCB Capital LLC raised its holdings in shares of Celestica by 3.5% in the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after purchasing an additional 34 shares during the period. Avantax Planning Partners Inc. lifted its stake 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 valued at $452,000 after purchasing an additional 40 shares in the last quarter. Finally, XML Financial LLC grew its holdings in shares of Celestica by 1.5% during 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 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.