Celestica (NYSE:CLS) Trading 3.6% Higher – Should You Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shot up 3.6% during trading on Tuesday . The company traded as high as $359.05 and last traded at $356.9430. 2,113,994 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 2,424,998 shares. The stock had previously closed at $344.40.

Analysts Set New Price Targets

CLS has been the topic of several recent analyst reports. Bank of America reissued a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a report on Tuesday, July 28th. BWS Financial reiterated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Wolfe Research lifted their price objective on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and twenty-three have given a Buy rating to the company. According to data from MarketBeat, Celestica has a consensus rating of “Buy” and a consensus target price of $440.50.

Celestica Price Performance

The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The business’s 50-day simple moving average is $323.32 and its two-hundred day simple moving average is $340.83. The firm has a market cap of $41.26 billion, a price-to-earnings ratio of 37.25 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly 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 net margin of 7.16% and a return on equity of 39.96%. The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous 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, research analysts expect that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the 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 completion of the sale, the chief financial officer directly owned 65,444 shares in the company, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert Mionis sold 23,496 shares of the business’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 transaction, the chief executive officer directly owned 23,396 shares in the company, valued at $8,478,476.44. This represents a 50.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 199,553 shares of company stock worth $73,437,196 in the last ninety days. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in shares of Celestica by 24.8% in the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after acquiring an additional 798,782 shares in the last quarter. Cibc World Market Inc. acquired a new stake in Celestica in the second quarter worth $757,811,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Celestica in the second quarter valued at $674,199,000. Franklin Resources Inc. raised 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 valued at $673,471,000 after purchasing an additional 356,797 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Celestica by 25.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,637,367 shares of the technology company’s stock valued at $484,022,000 after buying an additional 332,641 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Company Profile

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.