Celestica (NYSE:CLS) Shares Down 2.1% – Time to Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares fell 2.1% during trading on Wednesday . The company traded as low as $358.51 and last traded at $363.8930. 1,266,279 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 2,469,261 shares. The stock had previously closed at $371.86.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CLS. TD increased their price objective on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. Wolfe Research upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $480.00 price target on shares of Celestica in a research note on Wednesday, April 29th. Bank of America raised their price target on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Rothschild & Co Redburn began coverage on Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Stock Performance

The firm has a fifty day moving average of $368.88 and a 200-day moving average of $322.85. The stock has a market capitalization of $41.84 billion, a price-to-earnings ratio of 44.00, a PEG ratio of 0.90 and a beta of 2.02. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, sell-side analysts anticipate that Celestica, Inc. will post 9.5 EPS for the current year.

Insider Transactions at Celestica

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

A number of institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in Celestica by 5.6% during the first quarter. NewEdge Advisors LLC now owns 6,282 shares of the technology company’s stock valued at $1,770,000 after acquiring an additional 333 shares during the period. Alpine Woods Capital Investors LLC acquired a new position in shares of Celestica during the first quarter worth about $563,000. Glenmede Trust Co. NA lifted its stake in shares of Celestica by 1.7% during the first quarter. Glenmede Trust Co. NA now owns 4,438 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 75 shares in the last quarter. Verus Capital Partners LLC lifted its stake in shares of Celestica by 1,086.9% during the first quarter. Verus Capital Partners LLC now owns 9,495 shares of the technology company’s stock worth $2,675,000 after purchasing an additional 8,695 shares in the last quarter. Finally, Montchanin Asset Management LLC acquired a new position in shares of Celestica during the first quarter worth about $315,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

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.