Celestica (NYSE:CLS) Shares Up 1.8% – Still a Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price rose 1.8% during trading on Wednesday. The stock traded as high as $314.45 and last traded at $305.0110. 1,884,097 shares traded hands during trading, a decline of 21% from the average session volume of 2,397,909 shares. The stock had previously closed at $299.69.

Analysts Set New Price Targets

A number of brokerages have commented on CLS. Canadian Imperial Bank of Commerce increased their target price on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. BMO Capital Markets reiterated an “outperform” rating and set a $400.00 price target on shares of Celestica in a research report on Friday. TD set a $430.00 price objective on Celestica and gave the company a “buy” rating in a research note on Wednesday, September 16th. TD Cowen restated a “buy” rating on shares of Celestica in a report on Wednesday, September 16th. Finally, Wolfe Research raised 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. Twenty-four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $448.30.

Celestica Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The stock has a 50 day simple moving average of $330.02 and a two-hundred day simple moving average of $351.02. The company has a market cap of $30.15 billion, a price-to-earnings ratio of 27.26 and a beta of 2.01.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company earned $1.39 EPS. The company’s revenue for the quarter was up 62.4% on a year-over-year basis. 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, equities research analysts predict that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Transactions at Celestica

In related news, President Todd C. Cooper sold 20,118 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was 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 in the company, valued at approximately $26,370,720. This represents a 21.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction 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 owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 243,067 shares of company stock worth $89,200,967 in the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Hedge funds and other institutional investors have recently modified their holdings of the business. Gibbs Wealth Management acquired a new position in Celestica in the third quarter valued at about $239,000. Capital Investment Advisors LLC acquired a new stake in shares of Celestica during the third quarter valued at about $211,000. Wedbush Securities Inc. acquired a new stake in shares of Celestica during the third quarter valued at about $206,000. Sterling Capital Management LLC purchased a new stake in shares of Celestica in the 3rd quarter valued at approximately $850,000. Finally, Brookstone Capital Management raised its stake in shares of Celestica by 57.6% in the 3rd quarter. Brookstone Capital Management now owns 22,794 shares of the technology company’s stock valued at $8,238,000 after acquiring an additional 8,333 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

About Celestica

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.