Celestica (NYSE:CLS) Trading 1.6% Higher – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded up 1.6% during trading on Monday . The company traded as high as $391.40 and last traded at $381.5980. 1,965,352 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 2,508,031 shares. The stock had previously closed at $375.55.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $480.00 price target on shares of Celestica in a report on Wednesday, April 29th. Bank of America boosted their price target on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Susquehanna boosted their price target on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. TD boosted their price target on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, April 20th. Finally, Citigroup boosted their price target on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Trading Down 0.5%

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 50 day simple moving average of $328.19 and a 200-day simple moving average of $315.49. The firm has a market cap of $42.80 billion, a P/E ratio of 45.02, a P/E/G ratio of 0.87 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data 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 business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the company posted $1.20 EPS. The company’s revenue 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. On average, equities research analysts expect that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Institutional Trading of Celestica

Large investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its position in shares of Celestica by 7.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock valued at $83,044,000 after purchasing an additional 22,863 shares during the last quarter. Spark Investment Management LLC increased its position in shares of Celestica by 17.4% during the 3rd quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock valued at $6,643,000 after purchasing an additional 4,000 shares during the last quarter. Spire Wealth Management increased its position in shares of Celestica by 354.3% during the 4th quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock valued at $1,767,000 after purchasing an additional 4,663 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Celestica during the 3rd quarter valued at approximately $28,924,000. Finally, Plato Investment Management Ltd increased its position in shares of Celestica by 154.5% during the 3rd quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock valued at $3,676,000 after purchasing an additional 9,135 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

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.