Celestica (NYSE:CLS) Trading 3.5% Higher – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares were up 3.5% during trading on Monday . The company traded as high as $348.00 and last traded at $344.27. Approximately 1,866,611 shares traded hands during trading, a decline of 23% from the average session volume of 2,424,750 shares. The stock had previously closed at $332.63.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Scotiabank started coverage on shares of Celestica in a report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 price objective for the company. Barclays lowered their target price on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce boosted their price target on shares of Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Finally, UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and increased their price objective for the company from $410.00 to $430.00 in a report on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Celestica currently has a consensus rating of “Buy” and a consensus target price of $440.50.

Celestica Stock Performance

The company’s 50-day moving average price is $322.52 and its two-hundred day moving average price is $338.92. The company has a market cap of $39.58 billion, a P/E ratio of 35.79 and a beta of 2.04. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, equities analysts forecast that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the sale, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 199,553 shares of company stock worth $73,437,196 over the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

A number of large investors have recently made changes to their positions in the company. Cibc World Market Inc. acquired a new position in Celestica in the 2nd quarter worth approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Celestica during the 2nd quarter valued at $674,199,000. Norges Bank acquired a new stake in Celestica during the 4th quarter valued at $456,511,000. Bank of America Corp DE purchased a new stake in shares of Celestica in the second quarter valued at $444,899,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Celestica in the second quarter valued at $351,717,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.