Celestica (NYSE:CLS) Stock Price Up 6.5% – Still a Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) rose 6.5% during trading on Tuesday . The company traded as high as $365.67 and last traded at $365.5470. Approximately 1,730,341 shares were traded during mid-day trading, a decline of 28% from the average session volume of 2,396,689 shares. The stock had previously closed at $343.25.

Analyst Ratings Changes

A number of brokerages have issued reports on CLS. Susquehanna increased their price objective on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Weiss Ratings raised shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. TD upped their target price on shares of Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $480.00 target price on shares of Celestica in a research note on Wednesday, April 29th. Finally, Barclays lifted their price target on shares of Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $427.42.

Celestica Price Performance

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 firm has a fifty day simple moving average of $380.88 and a two-hundred day simple moving average of $328.01. The firm has a market cap of $38.67 billion, a PE ratio of 40.67, a PEG ratio of 0.85 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.08. The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same period in the prior year, the firm 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. Equities analysts predict that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insider Activity at Celestica

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the transaction, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This trade represents a 17.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 161,168 shares of company stock valued at $63,190,485 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Legacy Wealth Managment LLC ID increased its stake in Celestica by 14.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after acquiring an additional 28 shares during the last quarter. Pinney & Scofield Inc. lifted its stake in shares of Celestica by 20.0% in the 3rd quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after purchasing an additional 30 shares during the last quarter. Capital Planning LLC boosted its holdings in shares of Celestica by 3.2% in the 1st quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after purchasing an additional 32 shares during the period. LeConte Wealth Management LLC boosted its holdings in shares of Celestica by 3.5% in the 4th quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock worth $296,000 after purchasing an additional 34 shares during the period. Finally, PCB Capital LLC increased its position in shares of Celestica by 3.5% during the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after purchasing an additional 34 shares during the last quarter. Institutional investors 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.