Celestica (NYSE:CLS) Shares Climb 3.2% – Should You Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded up 3.2% on Thursday. The company traded as high as $379.00 and last traded at $373.2640. Approximately 2,936,477 shares changed hands during trading, an increase of 21% from the average session volume of 2,429,618 shares. The stock had previously closed at $361.84.

Analysts Set New Price Targets

CLS has been the subject of several recent research reports. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. UBS Group raised shares of Celestica from a “neutral” rating to a “buy” rating and lifted their target price for the company from $410.00 to $430.00 in a report on Monday, August 24th. Royal Bank Of Canada set a $450.00 target price on shares of Celestica and gave the company an “outperform” rating in a research note on Wednesday, August 26th. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Bank of America reaffirmed a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating and twenty-three have given a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $440.50.

Celestica Stock Performance

The company has a market cap of $42.92 billion, a price-to-earnings ratio of 38.80 and a beta of 2.04. The firm’s 50 day simple moving average is $323.32 and its 200-day simple moving average is $340.83. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. Celestica’s quarterly revenue was up 62.4% on a year-over-year basis. During the same period in the previous year, the business posted $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. On average, sell-side analysts predict that Celestica, Inc. will post 10.71 EPS for the current year.

Insider Buying and Selling at Celestica

In other news, CEO Robert Mionis sold 23,496 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the sale, the chief financial officer directly owned 65,444 shares in the company, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 199,553 shares of company stock valued at $73,437,196. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Celestica

Several hedge funds and other institutional investors have recently made changes to their positions in CLS. Washington Trust Advisors Inc. acquired a new stake in Celestica in the second quarter valued at approximately $28,000. Ascentis Independent Advisors purchased a new stake in shares of Celestica in the 1st quarter valued at approximately $29,000. Sittner & Nelson LLC purchased a new stake in shares of Celestica in the 4th quarter valued at approximately $31,000. Harbor Investment Advisory LLC acquired a new stake in shares of Celestica in the 2nd quarter valued at $58,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Celestica during the 4th quarter worth $59,000. Hedge funds and other institutional investors 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.