Celestica (NYSE:CLS) Shares Down 5.6% – Time to Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) was down 5.6% on Friday. The stock traded as low as $228.76 and last traded at $239.8880. 3,474,643 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 2,541,308 shares. The stock had previously closed at $254.03.

Top Celestica Stories

These are some of the CLS stories that stood out recently:

• Positive Sentiment: Options activity was unusually high, with traders buying 18,233 call options—about 23% above average. This may indicate increased bullish positioning, though options flows are not a reliable forecast of share performance.
• Neutral Sentiment: Investors have been searching for CLS, but the coverage describes attention rather than a new business catalyst. Investors Heavily Search Celestica, Inc. (CLS): Here is What You Need to Know
• Neutral Sentiment: A comparison with Sanmina notes both companies are expanding AI-infrastructure capabilities, while growth, profitability and valuation may distinguish them. It offers competitive context but no clear near-term catalyst for CLS. CLS vs. SANM: Which Stock is Better Positioned for the AI Boom?

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CLS shares. Canaccord Genuity Group boosted their target price on Celestica from $455.00 to $480.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. TD Cowen reaffirmed a “buy” rating on shares of Celestica in a research note on Tuesday, October 27th. Scotiabank started coverage on shares of Celestica in a report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 price target on the stock. Finally, Barclays lifted their price target on shares of Celestica from $406.00 to $414.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $445.14.

Celestica Stock Performance

The company has a market capitalization of $30.25 billion, a PE ratio of 22.70, a PEG ratio of 1.70 and a beta of 2.10. The business’s 50-day moving average is $312.83 and its 200-day moving average is $327.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.61.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, October 26th. The technology company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.02 by $0.28. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.39 billion. Celestica had a net margin of 6.83% and a return on equity of 33.80%. On average, research analysts anticipate that Celestica, Inc. will post 10.97 earnings per share for the current year.

Insider Activity at Celestica

In related news, President Todd C. Cooper sold 20,118 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total value of $7,242,480.00. Following the sale, the president owned 73,252 shares in the company, valued at $26,370,720. This represents a 21.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert Mionis sold 23,396 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total value of $8,521,291.12. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CLS. Washington Trust Advisors Inc. bought a new position in shares of Celestica during the second quarter valued at $28,000. Elevation Wealth Partners LLC purchased a new position in shares of Celestica in the 3rd quarter worth about $28,000. Latitude Advisors LLC bought a new position in Celestica in the 3rd quarter worth about $40,000. Mather Group LLC. boosted its stake in Celestica by 266.7% in the 3rd quarter. Mather Group LLC. now owns 121 shares of the technology company’s stock worth $44,000 after purchasing an additional 88 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in Celestica during the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

Celestica Inc. is a global provider of design, manufacturing, and supply chain services for companies across technology and industrial markets. Its work spans product development, engineering, manufacturing, testing, and ongoing product support. The company’s offerings include hardware and infrastructure used in cloud computing and data centers, communications networks, aerospace and defense, industrial equipment, and health technology. It also provides supply chain management and other services to support products throughout their lifecycle.