Celestica (NYSE:CLS) Trading Down 2.3% – Time to Sell?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 2.3% during mid-day trading on Tuesday . The company traded as low as $287.50 and last traded at $292.64. 1,434,174 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 2,430,890 shares. The stock had previously closed at $299.40.

Wall Street Analyst Weigh In

Several research firms have recently commented on CLS. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a research report on Tuesday, July 28th. Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. BWS Financial restated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Finally, UBS Group raised Celestica from a “neutral” rating to a “buy” rating and lifted their target price for the company from $410.00 to $430.00 in a research note on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $439.81.

Celestica Trading Up 12.5%

The stock has a market capitalization of $35.93 billion, a P/E ratio of 32.48 and a beta of 2.04. The business has a 50 day simple moving average of $328.98 and a 200-day simple moving average of $335.73. 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 (NYSE:CLS) (TSE:CLS) last released its 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 analyst estimates of $4.30 billion. During the same period in the previous year, the company earned $1.39 earnings per share. Celestica’s revenue was up 62.4% compared to the same quarter last year. 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, analysts predict that Celestica, Inc. will post 10.71 EPS for the current year.

Insider Activity at Celestica

In other news, CFO Mandeep Chawla sold 16,117 shares of the business’s 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 $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44. Following the sale, the chief executive officer directly owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. This represents a 50.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 356,553 shares of company stock valued at $135,238,444. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Institutional investors and hedge funds have recently bought and sold shares of the stock. Washington Trust Advisors Inc. acquired a new stake in shares of Celestica during the second quarter valued at approximately $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica during the fourth quarter valued at $28,000. Swiss RE Ltd. acquired a new position in Celestica during the fourth quarter valued at $29,000. Cullen Frost Bankers Inc. purchased a new stake in Celestica in the 4th quarter worth about $30,000. Finally, Sittner & Nelson LLC purchased a new stake in Celestica in the 4th quarter worth about $31,000. Institutional investors and hedge funds 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.