Celestica (NYSE:CLS) Shares Up 1.2% – Should You Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shot up 1.2% during mid-day trading on Monday . The stock traded as high as $346.24 and last traded at $339.20. 1,795,614 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 2,467,618 shares. The stock had previously closed at $335.05.

Analyst Ratings Changes

CLS has been the subject of a number of recent research reports. Rothschild & Co Redburn assumed coverage on Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 price objective for the company. Bank of America reaffirmed a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. Susquehanna raised their target price on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Scotiabank assumed coverage on shares of Celestica in a report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price target for the company. Finally, Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $438.86.

Celestica Stock Down 8.8%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The firm has a 50 day simple moving average of $346.00 and a two-hundred day simple moving average of $335.26. The stock has a market cap of $35.69 billion, a P/E ratio of 32.26 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. Equities research analysts predict that Celestica, Inc. will post 9.97 earnings per share for the current year.

Insider Activity

In other news, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 356,553 shares of company stock worth $135,238,444. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celestica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Celestica by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock worth $1,423,333,000 after buying an additional 73,022 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Celestica by 24.8% during the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after acquiring an additional 798,782 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Celestica by 5,806,149.2% in the fourth 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 in the last quarter. Franklin Resources Inc. raised its position in Celestica by 18.6% in the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock worth $673,471,000 after acquiring an additional 356,797 shares in the last quarter. Finally, Cibc World Market Inc. lifted its holdings in Celestica by 30.6% in the 4th quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock valued at $670,279,000 after acquiring an additional 530,535 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

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.