Celestica (NYSE:CLS) Shares Climb 1.8% – Should You Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price rose 1.8% during mid-day trading on Wednesday. The stock traded as high as $314.45 and last traded at $305.0110. 1,884,097 shares traded hands during trading, a decline of 21% from the average session volume of 2,397,909 shares. The stock had previously closed at $299.69.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays reduced their price objective on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. FBN Securities began coverage on shares of Celestica in a research report on Tuesday, September 15th. They issued an “outperform” rating and a $375.00 price objective on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Celestica in a research note on Thursday, October 15th. Canadian Imperial Bank of Commerce raised their target price on shares of Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, BWS Financial reaffirmed a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Twenty-three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $450.50.

Celestica Stock Up 1.8%

The company has a market cap of $35.07 billion, a price-to-earnings ratio of 31.71 and a beta of 2.01. 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 firm has a 50-day moving average price of $332.29 and a 200 day moving average price of $351.13.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly 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 business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%. The firm’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same period last year, the firm posted $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. Sell-side analysts predict that Celestica, Inc. will post 10.71 EPS for the current year.

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 23,396 shares of Celestica stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total transaction of $8,521,291.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Todd Cooper sold 20,118 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the completion of the sale, the president directly owned 73,252 shares of the company’s stock, valued at approximately $26,370,720. The trade was a 21.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 243,067 shares of company stock valued at $89,200,967. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Celestica

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC acquired a new stake in shares of Celestica in the first quarter valued at approximately $68,952,000. Ferguson Wellman Capital Management Inc. bought a new position in Celestica during the 3rd quarter worth $27,821,000. K.J. Harrison & Partners Inc bought a new position in Celestica during the 2nd quarter worth $1,092,000. Quantinno Capital Management LP raised its holdings in Celestica by 73.7% in the 1st quarter. Quantinno Capital Management LP now owns 23,954 shares of the technology company’s stock valued at $6,746,000 after acquiring an additional 10,164 shares in the last quarter. Finally, Ninepoint Partners LP acquired a new position in Celestica in the 2nd quarter valued at $2,880,000. Institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.