Celestica (NYSE:CLS) Shares Up 3.3% – Should You Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price rose 3.3% on Thursday . The company traded as high as $325.82 and last traded at $317.4160. 1,749,800 shares changed hands during trading, a decline of 28% from the average daily volume of 2,446,643 shares. The stock had previously closed at $307.32.

Wall Street Analyst Weigh In

CLS has been the subject of several recent analyst reports. Scotiabank began coverage on shares of Celestica in a research report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price objective for the company. Bank of America restated a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and increased their target price for the company from $410.00 to $430.00 in a report on Monday. Finally, Rothschild & Co Redburn began coverage on Celestica in a research report on Friday, May 1st. They set a “buy” rating and a $460.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Celestica presently has an average rating of “Buy” and a consensus target price of $439.81.

Celestica Stock Performance

The company has a market capitalization of $36.50 billion, a P/E ratio of 33.00 and a beta of 2.06. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average is $336.01 and its 200 day moving average is $335.80.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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 anticipate that Celestica, Inc. will post 10.15 earnings per share for the current year.

Insider Buying and Selling at Celestica

In related news, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the sale, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. This trade represents a 17.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is owned by company insiders.

Institutional Trading of Celestica

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new position in shares of Celestica in the first quarter worth $68,952,000. CIBC Asset Management Inc raised its holdings in shares of Celestica by 7.7% during the 4th quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock valued at $129,499,000 after buying an additional 31,086 shares in the last quarter. Norges Bank purchased a new position in shares of Celestica during the fourth quarter worth approximately $456,511,000. Marietta Investment Partners LLC purchased a new position in Celestica in the 4th quarter worth $1,273,000. Finally, BW Gestao de Investimentos Ltda. increased its holdings in shares of Celestica by 29.9% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock worth $9,217,000 after buying an additional 7,179 shares during the period. 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.