Celestica (NYSE:CLS) Shares Down 5.8% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price was down 5.8% on Friday . The company traded as low as $298.53 and last traded at $298.87. Approximately 1,548,723 shares were traded during trading, a decline of 37% from the average session volume of 2,442,090 shares. The stock had previously closed at $317.38.

Analyst Upgrades and Downgrades

CLS has been the topic of several recent analyst reports. Royal Bank Of Canada set a $450.00 target price on shares of Celestica and gave the stock an “outperform” rating in a research note on Wednesday. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a research report on Tuesday, July 28th. Weiss Ratings cut shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Wolfe Research increased 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. Finally, Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica currently has a consensus rating of “Buy” and a consensus price target of $439.81.

Celestica Stock Performance

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 50 day simple moving average of $333.42 and a 200-day simple moving average of $335.61. The stock has a market cap of $34.36 billion, a P/E ratio of 31.07 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.29 by $0.25. The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company’s revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 EPS. 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 expect that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the sale, the chief financial officer directly owned 82,444 shares in the company, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction 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 356,553 shares of company stock worth $135,238,444 over the last quarter. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Large investors have recently added to or reduced their stakes in the business. Legacy Wealth Managment LLC ID lifted its holdings in shares of Celestica by 14.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after buying an additional 28 shares in the last quarter. Capital Planning LLC grew its stake in Celestica by 3.2% during the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after acquiring an additional 32 shares in the last quarter. PCB Capital LLC grew its stake in Celestica by 3.5% during the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after acquiring an additional 34 shares in the last quarter. Avantax Planning Partners Inc. increased its holdings in Celestica by 2.7% in the 4th quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock valued at $452,000 after acquiring an additional 40 shares during the last quarter. Finally, XML Financial LLC increased its holdings in Celestica by 1.5% in the 2nd quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock valued at $963,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

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.