Celestica (NYSE:CLS) Trading Down 4% – Should You Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares were down 4% on Tuesday . The company traded as low as $344.90 and last traded at $370.97. Approximately 2,375,234 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 2,480,189 shares. The stock had previously closed at $386.50.

Analysts Set New Price Targets

A number of research analysts have weighed in on CLS shares. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and raised their target price for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. Rothschild & Co Redburn started coverage on shares of Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 target price on the stock. Bank of America raised their target price on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. UBS Group raised their target price 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, BMO Capital Markets raised their target price on shares of Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Trading Down 4.0%

The stock has a market cap of $42.65 billion, a PE ratio of 44.86, a price-to-earnings-growth ratio of 0.86 and a beta of 2.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The company’s 50-day moving average price is $367.06 and its 200 day moving average price is $322.44.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.08 by $0.08. The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned $1.20 EPS. 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, sell-side analysts forecast that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction that occurred 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 completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

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