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

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shot up 3.7% during trading on Monday . The stock traded as high as $389.90 and last traded at $385.5520. 2,230,053 shares changed hands during trading, a decline of 10% from the average session volume of 2,481,159 shares. The stock had previously closed at $371.71.

Analysts Set New Price Targets

Several research firms have commented on CLS. BMO Capital Markets upped their price objective on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. UBS Group increased their target price on Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Rothschild & Co Redburn started coverage on shares of Celestica in a research report on Friday, May 1st. They issued a “buy” rating and a $460.00 target price on the stock. Stifel Nicolaus set a $445.00 price target on shares of Celestica in a research note on Tuesday, April 28th. Finally, Wolfe Research upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Trading Up 3.7%

The company has a market capitalization of $44.33 billion, a PE ratio of 46.62, a PEG ratio of 0.86 and a beta of 2.02. The company has a fifty day simple moving average of $364.82 and a 200-day simple moving average of $321.84. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly 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 for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. The company’s quarterly 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. Analysts predict that Celestica, Inc. will post 9.5 EPS for the current year.

Insider Buying and Selling at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were 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 owned 24,718 shares in the company, valued at $8,238,756.58. This trade represents a 14.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Celestica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its stake in shares of 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 purchasing an additional 333 shares during the last quarter. Alpine Woods Capital Investors LLC acquired a new position in Celestica in the first quarter valued at about $563,000. Glenmede Trust Co. NA lifted its position in Celestica by 1.7% in the first quarter. Glenmede Trust Co. NA now owns 4,438 shares of the technology company’s stock valued at $1,250,000 after buying an additional 75 shares during the last quarter. Verus Capital Partners LLC increased its position in shares of Celestica by 1,086.9% during the first quarter. Verus Capital Partners LLC now owns 9,495 shares of the technology company’s stock valued at $2,675,000 after acquiring an additional 8,695 shares during the last quarter. Finally, Montchanin Asset Management LLC acquired a new stake in shares of Celestica during the first quarter valued at about $315,000. 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.