Celestica (NYSE:CLS) Stock Price Up 10.4% – Still a Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price rose 10.4% on Tuesday . The company traded as high as $427.96 and last traded at $471.6280. Approximately 3,435,282 shares traded hands during mid-day trading, an increase of 73% from the average daily volume of 1,987,548 shares. The stock had previously closed at $427.06.

Analysts Set New Price Targets

A number of analysts have commented on the company. Rothschild & Co Redburn assumed coverage on Celestica in a research report on Friday, May 1st. They set a “buy” rating and a $460.00 target price on the stock. Wolfe Research upgraded Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Weiss Ratings upgraded Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. UBS Group boosted their target price on Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, TD boosted their target price on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Stock Performance

The stock has a 50-day simple moving average of $360.96 and a 200 day simple moving average of $320.59. 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 company has a market capitalization of $52.55 billion, a PE ratio of 55.27, a P/E/G ratio of 1.10 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its 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 return on equity of 36.91% and a net margin of 6.95%.The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the business earned $1.20 earnings per share. Celestica’s quarterly 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. Equities analysts anticipate that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction 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 $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Celestica

Institutional investors and hedge funds 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 stake in shares of Celestica in the fourth quarter valued at $28,000. Swiss RE Ltd. purchased a new stake in shares of Celestica in the fourth quarter valued at $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica in the fourth quarter valued at $30,000. Sittner & Nelson LLC purchased a new stake in shares of Celestica in the fourth quarter valued at $31,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Celestica in the first quarter valued at $29,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

About Celestica

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.