Celestica (NYSE:CLS) Shares Down 5.3% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 5.3% during trading on Wednesday . The company traded as low as $273.80 and last traded at $277.0440. Approximately 3,149,357 shares traded hands during mid-day trading, an increase of 29% from the average daily volume of 2,435,167 shares. The stock had previously closed at $292.59.

Wall Street Analyst Weigh In

Several brokerages have commented on CLS. UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $410.00 to $430.00 in a research note on Monday, August 24th. Bank of America restated a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. Stifel Nicolaus set a $500.00 price objective on Celestica in a research note on Tuesday, July 28th. Barclays decreased their price target on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Finally, Wall Street Zen cut shares of Celestica from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Celestica has a consensus rating of “Buy” and an average price target of $439.81.

Celestica Stock Up 11.6%

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 firm has a market cap of $35.66 billion, a P/E ratio of 32.24 and a beta of 2.04. The business has a 50-day moving average price of $327.97 and a 200-day moving average price of $335.94.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, equities analysts forecast that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 356,553 shares of company stock worth $135,238,444 over the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Celestica by 24.8% during 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 buying an additional 798,782 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Celestica by 5,806,149.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after acquiring an additional 3,657,874 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Celestica by 18.6% in 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. Cibc World Market Inc. raised its stake in shares of Celestica by 30.6% in the fourth quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock worth $670,279,000 after purchasing an additional 530,535 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Celestica during the second quarter worth about $674,199,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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.