Celestica (NYSE:CLS) Shares Down 5.2% – Should You Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares fell 5.2% during mid-day trading on Tuesday . The stock traded as low as $381.36 and last traded at $382.40. 1,265,819 shares traded hands during trading, a decline of 48% from the average session volume of 2,431,749 shares. The stock had previously closed at $403.45.

Analysts Set New Price Targets

Several research firms have recently issued reports on CLS. UBS Group boosted their target price on Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. BMO Capital Markets boosted their target price on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Rothschild & Co Redburn assumed coverage on Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 price target on the stock. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and upped their price target for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. Finally, Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Stock Down 5.2%

The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $377.35 and a 200 day simple moving average of $325.20. The firm has a market capitalization of $43.96 billion, a P/E ratio of 46.24, a P/E/G ratio of 0.91 and a beta of 2.02.

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

Insider Buying and Selling

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the sale, the director directly 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 SEC, which can be accessed through this link. 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

Several hedge funds have recently added to or reduced their stakes in CLS. NewGen Equity Long Short Fund bought a new position in shares of Celestica during the second quarter valued at $14,050,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Celestica by 7,646.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock valued at $157,000 after purchasing an additional 994 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Celestica by 30.0% during the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock valued at $12,197,000 after purchasing an additional 18,025 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Celestica by 385.8% during the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock valued at $438,000 after purchasing an additional 2,226 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its holdings in shares of Celestica by 11.0% during the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock valued at $497,000 after purchasing an additional 315 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

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.