Celestica (NYSE:CLS) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Celestica (NYSE:CLS) (TSE:CLS) from a buy rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

Several other equities analysts also recently commented on CLS. Rothschild & Co Redburn assumed coverage on shares of Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 price target for the company. Barclays reduced their price objective on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Wolfe Research boosted their target price on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Weiss Ratings cut Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Finally, BWS Financial restated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $439.81.

Celestica Trading Up 0.4%

NYSE CLS opened at $299.91 on Friday. The firm has a 50 day simple moving average of $331.89 and a 200-day simple moving average of $335.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. Celestica has a one year low of $183.66 and a one year high of $474.02. The firm has a market cap of $34.48 billion, a price-to-earnings ratio of 31.18 and a beta of 2.06.

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

Insiders Place Their Bets

In other news, CEO Robert Mionis sold 23,496 shares of Celestica stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the completion of the sale, the chief executive officer directly owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. The trade was a 50.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the sale, the chief financial officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 356,553 shares of company stock worth $135,238,444 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Institutional investors have recently bought and sold shares of the business. Washington Trust Advisors Inc. acquired a new stake in shares of Celestica during the 2nd quarter worth about $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica in the fourth quarter valued at approximately $28,000. Ascentis Independent Advisors acquired a new position in Celestica in the first quarter valued at approximately $29,000. Swiss RE Ltd. purchased a new position in Celestica in the fourth quarter valued at approximately $29,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Celestica in the fourth quarter valued at approximately $30,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

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.