Celestica (NYSE:CLS) Stock Price Down 4.1% – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares traded down 4.1% during trading on Thursday. The stock traded as low as $346.80 and last traded at $356.3340. Approximately 2,147,859 shares traded hands during trading, a decline of 11% from the average session volume of 2,411,172 shares. The stock had previously closed at $371.57.

Analyst Upgrades and Downgrades

CLS has been the topic of several research analyst reports. Wall Street Zen downgraded Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Stifel Nicolaus set a $500.00 target price on Celestica in a research report on Tuesday, July 28th. Sanford C. Bernstein assumed coverage on shares of Celestica in a research note on Wednesday, September 30th. They set an “outperform” rating and a $520.00 price target on the stock. UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $410.00 to $430.00 in a research note on Monday, August 24th. Finally, Wolfe Research increased their price target on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Twenty-three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $450.50.

Celestica Stock Performance

The firm has a market capitalization of $40.97 billion, a price-to-earnings ratio of 37.04 and a beta of 2.01. The firm has a 50 day moving average price of $333.39 and a 200-day moving average price of $348.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.Celestica’s revenue was up 62.4% on a year-over-year basis. During the same quarter in the prior year, the business 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, sell-side analysts expect that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Activity at Celestica

In related news, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the transaction, the chief financial officer owned 65,444 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Mionis sold 23,396 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total transaction of $8,521,291.12. The SEC filing for this sale provides additional information. Insiders have sold a total of 243,067 shares of company stock valued at $89,200,967 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celestica

Several large investors have recently bought and sold shares of CLS. Washington Trust Advisors Inc. acquired a new position in shares of Celestica during the 2nd quarter worth about $28,000. Elevation Wealth Partners LLC acquired a new stake in shares of Celestica during the 3rd quarter worth about $28,000. Ascentis Independent Advisors purchased a new stake in Celestica during the first quarter worth approximately $29,000. Harbor Investment Advisory LLC acquired a new position in Celestica in the second quarter valued at approximately $58,000. Finally, Continuum Advisory LLC acquired a new position in Celestica in the second quarter valued at approximately $62,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

About Celestica

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.