Celestica (NYSE:CLS) Trading Up 3.7% – Time to Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares shot up 3.7% during mid-day trading on Friday . The stock traded as high as $368.83 and last traded at $367.8060. 1,712,480 shares changed hands during trading, a decline of 30% from the average session volume of 2,443,964 shares. The stock had previously closed at $354.77.

Analysts Set New Price Targets

Several research firms have issued reports on CLS. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $480.00 target price on shares of Celestica in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Bank of America upped their target price on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, April 20th. UBS Group increased their price objective on shares of Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and increased their price objective for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and an average target price of $427.42.

Celestica Stock Up 3.7%

The company’s 50 day moving average price is $339.06 and its two-hundred day moving average price is $316.70. 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 stock has a market cap of $42.29 billion, a P/E ratio of 44.47, a PEG ratio of 0.81 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.08. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the business earned $1.20 EPS. The business’s quarterly revenue was up 52.8% on a year-over-year basis. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Equities analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Buying and Selling at Celestica

In other Celestica 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 sale, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their position. The transaction 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. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Celestica

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Celestica during the 4th quarter worth approximately $28,000. Ascentis Independent Advisors bought a new stake in Celestica during the 1st quarter worth approximately $29,000. Swiss RE Ltd. bought a new stake in Celestica during the 4th quarter worth approximately $29,000. Cullen Frost Bankers Inc. bought a new stake in Celestica during the 4th quarter worth approximately $30,000. Finally, Sittner & Nelson LLC bought a new stake in Celestica during the 4th quarter worth approximately $31,000. Institutional investors own 67.38% of the company’s stock.

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.