Celestica (NYSE:CLS) Shares Up 10.4% – Time to Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares rose 10.4% on Tuesday . The company traded as high as $427.96 and last traded at $471.6280. Approximately 3,435,282 shares changed hands during mid-day trading, an increase of 73% from the average daily volume of 1,987,548 shares. The stock had previously closed at $427.06.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of analyst reports. Barclays upped their price target on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. TD upped their target price on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. Rothschild & Co Redburn initiated coverage on Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 target price for the company. Weiss Ratings upgraded Celestica from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada boosted their price target on shares of Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $427.42.

Celestica Stock Up 10.6%

The stock has a market capitalization of $54.22 billion, a price-to-earnings ratio of 57.03, a PEG ratio of 0.90 and a beta of 2.09. The business has a fifty day moving average of $353.50 and a 200 day moving average of $318.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the firm posted $1.20 earnings per share. The firm’s quarterly revenue was up 52.8% on a year-over-year basis. 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, equities analysts predict that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 24,718 shares in the company, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Institutional investors have recently added to or reduced their stakes in the stock. Legacy Wealth Managment LLC ID raised its position in Celestica by 14.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after purchasing an additional 28 shares during the period. Pinney & Scofield Inc. boosted its position in shares of Celestica by 20.0% during the third quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock worth $44,000 after buying an additional 30 shares during the period. Capital Planning LLC boosted its position in shares of Celestica by 3.2% during the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after buying an additional 32 shares during the period. LeConte Wealth Management LLC boosted its position in shares of Celestica by 3.5% during the fourth quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock worth $296,000 after buying an additional 34 shares during the period. Finally, PCB Capital LLC boosted its position in shares of Celestica by 3.5% during the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

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.