Celestica (NYSE:CLS) Shares Up 1% – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price was up 1% on Wednesday . The stock traded as high as $346.72 and last traded at $333.38. Approximately 2,739,788 shares traded hands during mid-day trading, an increase of 12% from the average session volume of 2,447,710 shares. The stock had previously closed at $329.97.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen cut shares of Celestica from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Wolfe Research boosted their price objective on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Stifel Nicolaus set a $500.00 price objective on Celestica in a report on Tuesday, July 28th. JPMorgan Chase & Co. raised their target price on Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Barclays cut their target price on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Celestica presently has a consensus rating of “Buy” and an average target price of $439.81.

Celestica Stock Performance

The stock has a market cap of $39.16 billion, a P/E ratio of 35.34 and a beta of 2.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The company has a fifty day moving average of $325.37 and a 200 day moving average of $337.14.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly 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. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company posted $1.39 EPS. The firm’s quarterly revenue was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, equities analysts predict that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Transactions at Celestica

In other Celestica news, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the sale, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 356,553 shares of company stock worth $135,238,444. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Celestica

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

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.