Celestica (NYSE:CLS) Trading 10% Higher – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded up 10% during trading on Friday . The company traded as high as $387.43 and last traded at $386.2810. 3,063,662 shares changed hands during mid-day trading, an increase of 25% from the average session volume of 2,444,768 shares. The stock had previously closed at $351.02.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Rothschild & Co Redburn began coverage on shares of Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 target price on the stock. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target on the stock in a report on Wednesday, April 29th. Bank of America boosted their price target on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, April 20th. Susquehanna boosted their price target on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada boosted their price target on shares of Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Price Performance

The stock’s 50-day moving average is $348.39 and its 200 day moving average is $317.50. The stock has a market capitalization of $44.41 billion, a PE ratio of 46.71, a P/E/G ratio of 0.83 and a beta of 2.09. 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 released its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. The firm’s 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. As a group, equities analysts predict that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Activity at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction 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 transaction, the director owned 24,718 shares in the company, valued at $8,238,756.58. This represents a 14.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in Celestica by 5,806,149.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after acquiring an additional 3,657,874 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Celestica by 471.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after acquiring an additional 2,596,318 shares during the period. Viking Global Investors LP acquired a new stake in shares of Celestica in the third quarter valued at about $424,459,000. Norges Bank acquired a new stake in shares of Celestica in the fourth quarter valued at about $456,511,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Celestica in the fourth quarter valued at about $315,497,000. 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.