Celestica (NYSE:CLS) Shares Up 3.4% – Should You Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price was up 3.4% during mid-day trading on Wednesday . The stock traded as high as $376.54 and last traded at $363.1210. 2,672,166 shares were traded during trading, an increase of 11% from the average session volume of 2,412,905 shares. The stock had previously closed at $351.20.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Bank of America increased their price target on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Zacks Research downgraded shares of Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. TD upped their target price on shares of Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. Stifel Nicolaus set a $445.00 target price on Celestica in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada raised their price target on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and an average price target of $427.42.

Celestica Price Performance

The stock has a market capitalization of $41.75 billion, a PE ratio of 43.91, a P/E/G ratio of 0.88 and a beta of 2.02. 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 firm’s 50 day simple moving average is $384.44 and its 200 day simple moving average is $327.29.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share (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 analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The firm’s revenue 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. As a group, equities analysts forecast that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael Max Wilson sold 4,168 shares of Celestica 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 transaction, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the sale, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 161,168 shares of company stock valued at $63,190,485 over the last three months. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

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

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.