Celestica (NYSE:CLS) Shares Down 7% – Here’s Why

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) were down 7% on Thursday . The company traded as low as $328.50 and last traded at $336.3460. Approximately 1,805,216 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 2,383,670 shares. The stock had previously closed at $361.62.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Susquehanna increased their price objective on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Royal Bank Of Canada increased their price target on shares of Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Barclays boosted their price objective on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective for the company in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $427.42.

Celestica Trading Down 7.0%

The company’s 50 day moving average price is $380.88 and its two-hundred day moving average price is $328.01. The firm has a market cap of $38.67 billion, a PE ratio of 40.67, a P/E/G ratio of 0.85 and a beta of 2.05. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 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 firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the company earned $1.20 EPS. The firm’s revenue for the quarter 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. As a group, sell-side analysts forecast that Celestica, Inc. will post 9.5 EPS for the current year.

Insider Activity

In other news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction that occurred 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 directly owned 24,718 shares in the company, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 66,056 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $400.06, for a total value of $26,426,363.36. Following the sale, the chief executive officer directly owned 134,328 shares of the company’s stock, valued at $53,739,259.68. This represents a 32.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 161,168 shares of company stock valued at $63,190,485. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Celestica

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