Celestica (NYSE:CLS) Shares Up 1.1% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price rose 1.1% during trading on Tuesday . The company traded as high as $381.05 and last traded at $371.25. Approximately 2,127,423 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 2,441,400 shares. The stock had previously closed at $367.37.

Wall Street Analyst Weigh In

CLS has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Canaccord Genuity Group lifted their price objective on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Susquehanna lifted their target price on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. BMO Capital Markets boosted their price objective on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $427.42.

Celestica Stock Performance

The stock has a market cap of $42.68 billion, a PE ratio of 44.89, a PEG ratio of 0.85 and a beta of 2.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The firm has a 50 day moving average of $343.15 and a two-hundred day moving average of $317.06.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business’s revenue was up 52.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Research analysts predict that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the sale, the director directly owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

A number of hedge funds have recently added to or reduced their stakes in CLS. Vanguard Group Inc. raised its stake in shares of Celestica by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock worth $1,423,333,000 after buying an additional 73,022 shares in the last quarter. JPMorgan Chase & Co. increased its position in Celestica by 24.8% during the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after buying an additional 798,782 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Celestica by 5,806,149.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after buying an additional 3,657,874 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Celestica by 471.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after buying an additional 2,596,318 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Celestica by 18.6% during the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock worth $673,471,000 after purchasing an additional 356,797 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

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.