Celestica (NYSE:CLS) Trading Up 5.8% – Still a Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price was up 5.8% on Tuesday . The stock traded as high as $336.58 and last traded at $330.4130. 2,972,060 shares changed hands during trading, an increase of 22% from the average session volume of 2,444,320 shares. The stock had previously closed at $312.35.

Analysts Set New Price Targets

Several research analysts have recently commented on CLS shares. Weiss Ratings downgraded Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce lifted their price objective on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Bank of America reissued a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. Barclays lowered their target price on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Finally, Wolfe Research lifted their price target on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $439.81.

Celestica Trading Up 5.8%

The business’s 50 day simple moving average is $326.86 and its 200-day simple moving average is $336.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The stock has a market capitalization of $37.99 billion, a P/E ratio of 34.35 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, analysts forecast that Celestica, Inc. will post 10.71 EPS for the current year.

Insider Activity at Celestica

In related news, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction 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 sale, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 356,553 shares of company stock worth $135,238,444 in the last three months. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Celestica

Large investors have recently modified their holdings of the business. Washington Trust Advisors Inc. bought a new position in shares of Celestica during the 2nd quarter valued at about $28,000. 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 position in Celestica in the fourth quarter valued at approximately $29,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Celestica in the fourth quarter valued at approximately $30,000. 67.38% of the stock is currently owned by 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.