Celestica (NYSE:CLS) Trading 6.3% Higher – Time to Buy?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) shot up 6.3% during trading on Friday . The stock traded as high as $353.00 and last traded at $345.7950. 2,547,364 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 2,440,784 shares. The stock had previously closed at $325.22.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CLS shares. BWS Financial restated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Stifel Nicolaus set a $500.00 price target on Celestica in a research note on Tuesday, July 28th. Royal Bank Of Canada set a $450.00 price target on Celestica and gave the company an “outperform” rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. lifted their price objective on Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Scotiabank began coverage on Celestica in a research report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $439.81.

Celestica Stock Up 6.3%

The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $325.37 and a two-hundred day simple moving average of $337.14. The company has a market capitalization of $39.76 billion, a P/E ratio of 35.95 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company earned $1.39 EPS. The company’s revenue for the quarter was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, equities analysts predict that Celestica, Inc. will post 10.71 EPS for the current year.

Insider Buying and Selling at Celestica

In other news, CEO Robert Mionis sold 23,496 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 23,396 shares in the company, valued at approximately $8,478,476.44. This trade represents a 50.11% 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. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction dated 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 transaction, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 356,553 shares of company stock worth $135,238,444. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Celestica by 5,806,149.2% in 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 purchasing an additional 3,657,874 shares during the last quarter. Cibc World Market Inc. bought a new stake in Celestica during the 2nd quarter valued at about $757,811,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Celestica during the 2nd quarter valued at about $674,199,000. Viking Global Investors LP purchased a new stake in Celestica in the 3rd quarter valued at about $424,459,000. Finally, Norges Bank purchased a new stake in Celestica in the 4th quarter valued at about $456,511,000. Institutional investors own 67.38% of the company’s stock.

About Celestica

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.