Celestica (NYSE:CLS) Stock Price Up 1.7% – Time to Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price shot up 1.7% during mid-day trading on Tuesday. The company traded as high as $389.50 and last traded at $389.1950. 1,174,011 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 2,416,763 shares. The stock had previously closed at $382.69.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. TD Cowen reiterated a “buy” rating on shares of Celestica in a report on Wednesday, September 16th. Weiss Ratings lowered shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. UBS Group raised Celestica from a “neutral” rating to a “buy” rating and upped their price objective for the company from $410.00 to $430.00 in a research report on Monday, August 24th. Finally, Wolfe Research increased their target price on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Twenty-three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $450.50.

Celestica Stock Performance

The firm has a market cap of $44.75 billion, a P/E ratio of 40.46 and a beta of 2.01. 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 $331.68 and its 200 day simple moving average is $346.70.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the business posted $1.39 EPS. The company’s revenue for the quarter 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. As a group, equities analysts predict that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insider Transactions at Celestica

In related news, CFO Mandeep Chawla sold 16,117 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the transaction, the chief financial officer owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The disclosure for this sale is available in the SEC filing. Insiders have sold 243,067 shares of company stock worth $89,200,967 in the last quarter. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cibc World Market Inc. purchased a new stake in Celestica in the 2nd quarter worth approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Celestica during the second quarter valued at approximately $674,199,000. Bank of America Corp DE bought a new position in shares of Celestica in the second quarter worth approximately $444,899,000. The Manufacturers Life Insurance Company bought a new position in shares of Celestica in the second quarter worth approximately $351,717,000. Finally, Legal & General Group Plc purchased a new stake in shares of Celestica in the second quarter worth $333,588,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.