Celestica (NYSE:CLS) Stock Price Up 1.6% on Analyst Upgrade

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares rose 1.6% during mid-day trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $344.36 and last traded at $342.9750. 1,770,782 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 2,400,922 shares. The stock had previously closed at $337.53.

A number of other research analysts have also recently issued reports on the stock. Citigroup increased their target price on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Royal Bank Of Canada boosted their price target on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Bank of America raised their price objective on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, TD lifted their price objective on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Celestica has a consensus rating of “Buy” and a consensus price target of $427.42.

Insider Transactions at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the transaction, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. The trade was a 17.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Max Wilson sold 4,168 shares of the business’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 completion of the transaction, the director directly owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 161,168 shares of company stock valued at $63,190,485 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealth High Governance Capital Ltda raised its position in shares of Celestica by 12.4% in the first quarter. Wealth High Governance Capital Ltda now owns 35,042 shares of the technology company’s stock valued at $9,871,000 after buying an additional 3,863 shares during the last quarter. Wealth High Governance Asset Management Ltda. grew its stake in Celestica by 69.6% in the 1st quarter. Wealth High Governance Asset Management Ltda. now owns 29,916 shares of the technology company’s stock worth $8,427,000 after acquiring an additional 12,274 shares during the period. NewEdge Advisors LLC raised its holdings in Celestica by 5.6% in the 1st quarter. NewEdge Advisors LLC now owns 6,282 shares of the technology company’s stock valued at $1,770,000 after acquiring an additional 333 shares during the last quarter. Alpine Woods Capital Investors LLC acquired a new position in Celestica in the 1st quarter valued at $563,000. Finally, Glenmede Trust Co. NA lifted its stake in shares of Celestica by 1.7% during the 1st quarter. Glenmede Trust Co. NA now owns 4,438 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 75 shares during the period. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Trading Down 0.8%

The business has a 50 day simple moving average of $381.65 and a two-hundred day simple moving average of $327.93. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The company has a market cap of $41.62 billion, a PE ratio of 43.77, a price-to-earnings-growth ratio of 0.80 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last announced 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. The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same quarter in the previous year, the business 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, analysts forecast that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

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.