Celestica (NYSE:CLS) Trading Up 8.7% – Still a Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares rose 8.7% during mid-day trading on Thursday . The stock traded as high as $299.44 and last traded at $301.8080. Approximately 1,363,927 shares changed hands during trading, a decline of 44% from the average daily volume of 2,428,120 shares. The stock had previously closed at $277.77.

Analyst Ratings Changes

CLS has been the topic of several recent research reports. Barclays cut their price objective on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Royal Bank Of Canada set a $450.00 price objective on Celestica and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. JPMorgan Chase & Co. upped their price objective on Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Bank of America reiterated a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. Finally, Weiss Ratings downgraded shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. One 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 company’s stock. According to MarketBeat.com, Celestica presently has an average rating of “Buy” and an average price target of $439.81.

Celestica Stock Up 11.2%

The company has a market cap of $35.53 billion, a price-to-earnings ratio of 32.10 and a beta of 2.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The business’s 50 day simple moving average is $328.98 and its 200-day simple moving average is $335.73.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Sell-side analysts expect that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insider Buying and Selling at Celestica

In other Celestica news, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the transaction, the chief executive officer owned 23,396 shares of the company’s stock, valued at $8,478,476.44. This represents a 50.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value of $5,952,330.44. Following the sale, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. The trade was a 19.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 356,553 shares of company stock worth $135,238,444. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Celestica

Institutional investors have recently made changes to their positions in the business. Washington Trust Advisors Inc. bought a new position in Celestica during the second quarter worth about $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Celestica in the 4th quarter valued at approximately $28,000. Ascentis Independent Advisors bought a new stake in shares of Celestica in the 1st quarter valued at approximately $29,000. Swiss RE Ltd. acquired a new position in shares of Celestica in the 4th quarter worth approximately $29,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Celestica in the 4th quarter worth approximately $30,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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.