Celestica (NYSE:CLS) Shares Up 2.6% – Time to Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shot up 2.6% during trading on Thursday . The company traded as high as $382.59 and last traded at $382.2060. 1,450,442 shares were traded during mid-day trading, a decline of 42% from the average session volume of 2,481,715 shares. The stock had previously closed at $372.55.

Analyst Upgrades and Downgrades

A number of research firms have commented on CLS. Weiss Ratings upgraded shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. BMO Capital Markets lifted their price objective on shares of Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Susquehanna boosted their price target on shares of Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Aletheia Capital boosted their price target on shares of Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $475.00 price target on shares of Celestica in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Trading Down 6.0%

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The business’s 50 day moving average price is $332.46 and its 200-day moving average price is $316.39. The firm has a market capitalization of $41.22 billion, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 0.89 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the business posted $1.20 earnings per share. The business’s revenue was up 52.8% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Equities analysts forecast that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica during the fourth quarter worth about $28,000. Ascentis Independent Advisors acquired a new position in Celestica during the first quarter worth about $29,000. Swiss RE Ltd. acquired a new position in Celestica during the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. acquired a new position in Celestica during the fourth quarter worth about $30,000. Finally, First Horizon Corp acquired a new position in Celestica during the third quarter worth about $31,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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.