Celestica (NYSE:CLS) Trading Down 1.9% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS) fell 1.9% during mid-day trading on Thursday . The stock traded as low as $340.00 and last traded at $350.8240. 2,471,896 shares were traded during trading, an increase of 1% from the average session volume of 2,437,023 shares. The stock had previously closed at $357.70.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CLS. TD boosted their price objective on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 20th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and boosted their price objective for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. Susquehanna boosted their price objective on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Bank of America upped their price target on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Stifel Nicolaus set a $445.00 price target on shares of Celestica in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Trading Up 10.0%

The business’s 50-day moving average is $350.64 and its two-hundred day moving average is $317.98. 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 capitalization of $44.41 billion, a PE ratio of 46.71, a PEG ratio of 0.82 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the company earned $1.20 EPS. 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. On average, analysts predict that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Buying and Selling

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the transaction, the director owned 24,718 shares in the company, valued at $8,238,756.58. The trade was a 14.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 corporate insiders.

Hedge Funds Weigh In On Celestica

Institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica in the 4th quarter worth $28,000. Swiss RE Ltd. acquired a new position in Celestica in the 4th quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new position in Celestica in the 4th quarter worth $30,000. Sittner & Nelson LLC acquired a new position in Celestica in the 4th quarter worth $31,000. Finally, Ascentis Independent Advisors acquired a new position in Celestica in the 1st quarter worth $29,000. 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.