Celestica (NYSE:CLS) Trading 3.7% Higher – Here’s What Happened

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded up 3.7% during trading on Monday . The stock traded as high as $389.90 and last traded at $385.5520. 2,230,053 shares changed hands during trading, a decline of 10% from the average session volume of 2,481,159 shares. The stock had previously closed at $371.71.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Bank of America lifted their price target on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, April 20th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and lifted their price target for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target on the stock in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $480.00 price target on shares of Celestica in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada lifted their price target on shares of Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $427.42.

Celestica Trading Down 2.1%

The company has a market cap of $41.84 billion, a PE ratio of 44.00, a price-to-earnings-growth ratio of 0.90 and a beta of 2.02. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $368.88 and a 200-day simple moving average of $322.85.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 earnings per share. 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, analysts predict that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insider Transactions at Celestica

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the business’s 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 owned 24,718 shares of the company’s stock, valued at $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Celestica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Celestica in the fourth quarter valued at approximately $28,000. Ascentis Independent Advisors acquired a new position in shares of Celestica in the first quarter worth $29,000. Swiss RE Ltd. purchased a new stake in shares of Celestica during the fourth quarter worth $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica during the fourth quarter worth $30,000. Finally, Sittner & Nelson LLC purchased a new stake in shares of Celestica during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

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.