Celestica (NYSE:CLS) Stock Price Down 7.3% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares fell 7.3% on Thursday . The stock traded as low as $401.08 and last traded at $424.6580. 2,860,812 shares changed hands during trading, an increase of 16% from the average session volume of 2,472,977 shares. The stock had previously closed at $458.14.

Analyst Ratings Changes

Several research firms have recently weighed in on CLS. Weiss Ratings raised Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. The Goldman Sachs Group reissued a “buy” rating and set a $475.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. BMO Capital Markets raised their price objective on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Rothschild & Co Redburn began coverage on Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 price objective for the company. Finally, Susquehanna raised their price objective on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. One 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $427.42.

Celestica Trading Down 7.3%

The firm has a market cap of $48.82 billion, a price-to-earnings ratio of 51.35, a PEG ratio of 1.10 and a beta of 2.02. The company has a 50-day moving average price of $360.96 and a 200 day moving average price of $320.59. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Celestica (NYSE:CLS) (TSE:CLS) last issued 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 during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the firm posted $1.20 earnings per share. Celestica’s revenue 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. As a group, research analysts anticipate that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the sale, the director directly owned 24,718 shares in the company, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Celestica during the fourth quarter worth $28,000. Ascentis Independent Advisors purchased a new stake in shares of Celestica during the first quarter worth $29,000. Swiss RE Ltd. purchased a new stake in shares of Celestica during the fourth quarter worth $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica during the fourth quarter worth $30,000. Finally, Sittner & Nelson LLC bought a new position in Celestica during the fourth quarter valued at about $31,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

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.