Celestica (NYSE:CLS) Trading Down 4.5% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 4.5% on Monday . The company traded as low as $333.11 and last traded at $342.3070. 2,138,383 shares were traded during trading, a decline of 14% from the average session volume of 2,472,813 shares. The stock had previously closed at $358.55.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. UBS Group lifted their price objective on shares of Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Rothschild & Co Redburn assumed coverage on shares of Celestica in a research report on Friday, May 1st. They issued a “buy” rating and a $460.00 price objective on the stock. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. Finally, Wolfe Research raised shares of Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Celestica currently has an average rating of “Moderate Buy” and an average target price of $427.42.

Celestica Price Performance

The stock’s 50 day simple moving average is $335.78 and its 200-day simple moving average is $316.59. The firm has a market cap of $39.76 billion, a price-to-earnings ratio of 41.82, a price-to-earnings-growth ratio of 0.80 and a beta of 2.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping the consensus estimate 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 net margin of 6.95% and a return on equity of 36.91%. The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period in the previous year, the firm 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. Equities research analysts anticipate that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Celestica in the fourth quarter valued at approximately $28,000. Ascentis Independent Advisors acquired a new stake in Celestica during the 1st quarter valued at approximately $29,000. Swiss RE Ltd. purchased a new stake in shares of Celestica in the 4th quarter valued at $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Celestica in the fourth quarter worth $30,000. Finally, Sittner & Nelson LLC acquired a new stake in shares of Celestica in the fourth quarter worth $31,000. 67.38% of the stock is owned by institutional investors and hedge funds.

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.