Celestica (NYSE:CLS) Stock Price Down 9.5% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) dropped 9.5% on Wednesday. The stock traded as low as $320.50 and last traded at $323.3220. 2,851,939 shares were traded during trading, an increase of 19% from the average daily volume of 2,401,143 shares. The stock had previously closed at $357.44.

Analyst Ratings Changes

CLS has been the topic of a number of research analyst reports. Weiss Ratings downgraded Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Scotiabank assumed coverage on Celestica in a research report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price objective for the company. Royal Bank Of Canada set a $450.00 price objective on Celestica and gave the company an “outperform” rating in a research note on Wednesday, August 26th. Finally, Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Twenty-three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $450.50.

Celestica Stock Down 9.5%

The firm’s fifty day moving average price is $333.87 and its 200-day moving average price is $349.99. The company has a market capitalization of $37.18 billion, a price-to-earnings ratio of 33.61 and a beta of 2.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%. Celestica’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same quarter last year, the business 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. Sell-side analysts expect that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Celestica

In other news, CEO Robert Mionis sold 98,453 shares of the business’s 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 legal filing with the SEC, which is available through the SEC website. Also, President Todd C. Cooper sold 20,118 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the completion of the transaction, the president directly owned 73,252 shares of the company’s stock, valued at $26,370,720. This represents a 21.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 243,067 shares of company stock worth $89,200,967. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Celestica

Several hedge funds have recently added to or reduced their stakes in the business. Signal Advisors Wealth LLC grew its holdings in Celestica by 103.7% during the 3rd quarter. Signal Advisors Wealth LLC now owns 1,752 shares of the technology company’s stock worth $633,000 after acquiring an additional 892 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Celestica during the third quarter valued at $2,217,000. Montrusco Bolton Investments Inc. acquired a new position in shares of Celestica during the third quarter worth $606,000. Terra Nova Asset Management LLC lifted its holdings in shares of Celestica by 38.1% during the third quarter. Terra Nova Asset Management LLC now owns 1,645 shares of the technology company’s stock worth $595,000 after purchasing an additional 454 shares during the period. Finally, Integrated Financial Solutions Inc. lifted its holdings in shares of Celestica by 6.3% during the third quarter. Integrated Financial Solutions Inc. now owns 2,110 shares of the technology company’s stock worth $765,000 after purchasing an additional 125 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

About Celestica

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.