Celestica (NYSE:CLS) Shares Up 2.5% – Here’s Why

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) shot up 2.5% on Monday . The company traded as high as $414.13 and last traded at $402.8180. 1,505,876 shares were traded during trading, a decline of 38% from the average session volume of 2,442,762 shares. The stock had previously closed at $393.12.

Analyst Ratings Changes

A number of brokerages recently weighed in on CLS. Barclays upped their price objective on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $480.00 price objective on shares of Celestica in a report on Wednesday, April 29th. BMO Capital Markets upped their price objective on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Rothschild & Co Redburn began coverage on Celestica in a report on Friday, May 1st. They set a “buy” rating and a $460.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their price objective on Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Price Performance

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 market cap of $46.31 billion, a price-to-earnings ratio of 48.71, a price-to-earnings-growth ratio of 0.91 and a beta of 2.02. The company has a fifty day simple moving average of $375.19 and a two-hundred day simple moving average of $324.67.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.08. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.Celestica’s revenue was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. On average, equities research analysts anticipate that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the company’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 owned 24,718 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Trading of Celestica

Several large investors have recently bought and sold shares of CLS. Vanguard Group Inc. lifted its position in shares of Celestica by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock valued at $1,423,333,000 after acquiring an additional 73,022 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Celestica by 24.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after acquiring an additional 798,782 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Celestica by 5,806,149.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after acquiring an additional 3,657,874 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Celestica by 471.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after acquiring an additional 2,596,318 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position 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 acquiring an additional 356,797 shares in the last quarter. Institutional investors and hedge funds 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.