Celestica (NYSE:CLS) Shares Up 2.4% – Here’s What Happened

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded up 2.4% on Thursday . The stock traded as high as $354.77 and last traded at $354.6350. Approximately 1,227,589 shares changed hands during trading, a decline of 50% from the average session volume of 2,449,781 shares. The stock had previously closed at $346.48.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Zacks Research downgraded shares of Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Rothschild & Co Redburn began coverage on shares of Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 price target on the stock. Citigroup raised their price objective on shares of Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada lifted their price objective on shares of Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $427.42.

Celestica Stock Performance

The stock has a market capitalization of $42.29 billion, a P/E ratio of 44.47, a PEG ratio of 0.83 and a beta of 2.09. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $341.10 and a two-hundred day moving average price of $317.06.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating 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 company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the business earned $1.20 earnings per share. Celestica’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 expect that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Buying and Selling at Celestica

In related news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the sale, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Several institutional investors and hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH grew its stake in Celestica by 7.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock worth $83,044,000 after buying an additional 22,863 shares in the last quarter. Spark Investment Management LLC lifted its holdings in shares of Celestica by 17.4% during the 3rd quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock worth $6,643,000 after acquiring an additional 4,000 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of Celestica by 354.3% during the 4th quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after acquiring an additional 4,663 shares during the last quarter. William Blair Investment Management LLC bought a new position in Celestica in the third quarter valued at $28,924,000. Finally, Plato Investment Management Ltd raised its position in Celestica by 154.5% during the third quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock valued at $3,676,000 after purchasing an additional 9,135 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

About Celestica

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.