Celestica (NYSE:CLS) Trading Down 12.6% – Should You Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 12.6% during mid-day trading on Friday . The stock traded as low as $367.00 and last traded at $371.6410. 3,505,504 shares were traded during mid-day trading, an increase of 41% from the average session volume of 2,482,826 shares. The stock had previously closed at $425.36.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CLS shares. Citigroup raised their price target on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wolfe Research raised Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Barclays increased their target price on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. UBS Group lifted their target price on Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Stifel Nicolaus set a $445.00 price target on Celestica in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $427.42.

Celestica Price Performance

The stock has a market capitalization of $42.73 billion, a PE ratio of 44.94, a PEG ratio of 0.86 and a beta of 2.02. The firm’s fifty day moving average price is $364.82 and its two-hundred day moving average price is $321.75. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.08. The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The firm’s quarterly revenue was up 52.8% on a year-over-year basis. During the same quarter last year, the company posted $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 analysts predict that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Activity at Celestica

In related 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 transaction of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Celestica

A number of large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Celestica in the 4th quarter worth approximately $28,000. Ascentis Independent Advisors bought a new stake in Celestica during the first quarter valued at approximately $29,000. Swiss RE Ltd. purchased a new stake in Celestica during the fourth quarter valued at approximately $29,000. Cullen Frost Bankers Inc. purchased a new stake in Celestica during the fourth quarter valued at approximately $30,000. Finally, Sittner & Nelson LLC bought a new position in Celestica in the fourth quarter worth approximately $31,000. 67.38% of the stock is currently owned by institutional investors.

About Celestica

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.