Celestica (NYSE:CLS) Stock Price Down 12.6% – Time to Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares traded down 12.6% during trading on Friday . The stock traded as low as $367.00 and last traded at $371.6410. 3,505,504 shares changed hands during trading, an increase of 41% from the average session volume of 2,482,826 shares. The stock had previously closed at $425.36.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Weiss Ratings raised Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Wolfe Research raised Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $480.00 target price on shares of Celestica in a research note on Wednesday, April 29th. Susquehanna boosted their target price on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Finally, Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $427.42.

Celestica Price Performance

The company has a market capitalization of $42.73 billion, a PE ratio of 44.94, a P/E/G ratio of 1.07 and a beta of 2.02. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $363.43 and a 200-day simple moving average of $321.40.

Celestica (NYSE:CLS) (TSE:CLS) last announced 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 return on equity of 36.91% and a net margin of 6.95%.The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the business earned $1.20 EPS. Celestica’s revenue for the quarter was up 52.8% on a year-over-year basis. 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 anticipate that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Buying and Selling at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction dated 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 completion of the sale, the director directly owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Celestica in the 4th quarter valued at about $28,000. Swiss RE Ltd. purchased a new stake in shares of Celestica in the 4th quarter valued at about $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica in the 4th quarter valued at about $30,000. Sittner & Nelson LLC purchased a new stake in shares of Celestica in the 4th quarter valued at about $31,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Celestica in the 1st quarter valued at about $29,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

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.