Celestica (NYSE:CLS) Trading 6.3% Higher – Should You Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price rose 6.3% during trading on Friday . The stock traded as high as $353.00 and last traded at $345.7950. 2,547,364 shares traded hands during trading, an increase of 4% from the average daily volume of 2,440,784 shares. The stock had previously closed at $325.22.

Analysts Set New Price Targets

Several analysts recently commented on CLS shares. Royal Bank Of Canada set a $450.00 price target on Celestica and gave the company an “outperform” rating in a research note on Wednesday, August 26th. Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Wolfe Research lifted their price objective on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their target price on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus set a $500.00 target price on shares of Celestica in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $439.81.

Celestica Trading Up 6.3%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The stock has a market cap of $39.76 billion, a P/E ratio of 35.95 and a beta of 2.04. The company has a 50-day simple moving average of $325.56 and a 200-day simple moving average of $337.20.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company posted $1.39 earnings per share. The firm’s quarterly 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. On average, sell-side analysts forecast that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insider Activity

In other news, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the transaction, the chief executive officer directly owned 23,396 shares in the company, valued at approximately $8,478,476.44. This represents a 50.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the sale, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 356,553 shares of company stock valued at $135,238,444 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Legacy Wealth Managment LLC ID lifted its stake in Celestica by 14.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after acquiring an additional 28 shares during the last quarter. Capital Planning LLC raised its holdings in shares of Celestica by 3.2% in 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 period. 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 valued at $280,000 after purchasing an additional 34 shares during the period. Avantax Planning Partners Inc. lifted its stake in 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 during the last quarter. Finally, XML Financial LLC lifted its stake in Celestica by 1.5% in the 2nd quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock valued at $963,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

About Celestica

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.