Celestica (NYSE:CLS) Stock Jumps 3.7% – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares were up 3.7% during trading on Friday. The stock traded as high as $391.50 and last traded at $386.9710. 2,230,793 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 2,429,096 shares. The stock had previously closed at $373.09.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group raised Celestica from a “neutral” rating to a “buy” rating and raised their target price for the stock from $410.00 to $430.00 in a research report on Monday, August 24th. TD set a $430.00 price objective on shares of Celestica and gave the stock a “buy” rating in a research note on Wednesday, September 16th. JPMorgan Chase & Co. boosted their target price on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Zacks Research cut shares of Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Scotiabank initiated coverage on shares of Celestica in a research note on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price target on the stock. Twenty-three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $450.50.

Celestica Stock Performance

The firm’s 50-day moving average price is $328.81 and its 200-day moving average price is $345.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The stock has a market cap of $44.49 billion, a P/E ratio of 40.23 and a beta of 2.01.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. Celestica’s quarterly revenue was up 62.4% on a year-over-year basis. During the same period last year, the company posted $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Sell-side analysts expect that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Transactions at Celestica

In other Celestica news, President Todd C. Cooper sold 20,118 shares of Celestica stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total value of $7,242,480.00. Following the sale, the president owned 73,252 shares of the company’s stock, valued at $26,370,720. The trade was a 21.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert Mionis sold 23,396 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total value of $8,521,291.12. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 243,067 shares of company stock valued at $89,200,967. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Celestica

Several large investors have recently bought and sold shares of the business. Washington Trust Advisors Inc. purchased a new position in shares of Celestica in the 2nd quarter worth $28,000. Ascentis Independent Advisors purchased a new position in Celestica in the first quarter worth about $29,000. Sittner & Nelson LLC bought a new stake in Celestica during the fourth quarter worth approximately $31,000. Harbor Investment Advisory LLC purchased a new stake in Celestica during the second quarter valued at approximately $58,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in Celestica during the fourth quarter valued at approximately $59,000. Institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.