Celestica (NYSE:CLS) Trading 9.3% Higher – Time to Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares were up 9.3% during mid-day trading on Wednesday . The stock traded as high as $339.74 and last traded at $339.19. Approximately 3,173,437 shares traded hands during mid-day trading, an increase of 29% from the average daily volume of 2,460,979 shares. The stock had previously closed at $310.38.

Analyst Ratings Changes

A number of analysts recently weighed in on CLS shares. Scotiabank started coverage on shares of Celestica in a report on Tuesday. They set a “sector outperform” rating and a $500.00 target price for the company. Weiss Ratings raised Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 30th. TD upped their target price on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. Canadian Imperial Bank of Commerce boosted their target price on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average target price of $438.86.

Celestica Trading Up 9.3%

The company has a fifty day simple moving average of $352.78 and a two-hundred day simple moving average of $334.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The company has a market capitalization of $39.00 billion, a P/E ratio of 35.26 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The company had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, analysts forecast that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Celestica news, CEO Robert Mionis sold 51,061 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $368.41, for a total transaction of $18,811,383.01. Following the transaction, the chief executive officer owned 46,892 shares in the company, valued at $17,275,481.72. This trade represents a 52.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $1,389,236.08. Following the completion of the transaction, the director directly owned 24,718 shares in the company, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their position. 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. In the last ninety days, insiders sold 337,225 shares of company stock worth $128,112,965. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Celestica

Several large investors have recently modified their holdings of CLS. NewGen Equity Long Short Fund acquired a new position in Celestica during the 2nd quarter worth $14,050,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Celestica by 7,646.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock valued at $157,000 after purchasing an additional 994 shares during the last quarter. First Trust Advisors LP grew its position in shares of Celestica by 30.0% in the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock valued at $12,197,000 after purchasing an additional 18,025 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Celestica by 385.8% in the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock worth $438,000 after purchasing an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC increased its stake in shares of Celestica by 11.0% in the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock worth $497,000 after purchasing an additional 315 shares during the period. 67.38% of the stock is owned by institutional investors.

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.