Celestica (NYSE:CLS) Stock Price Up 2% – Still a Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares were up 2% during mid-day trading on Thursday . The company traded as high as $353.96 and last traded at $330.1770. Approximately 2,026,697 shares traded hands during trading, a decline of 17% from the average daily volume of 2,429,472 shares. The stock had previously closed at $323.83.

Wall Street Analyst Weigh In

CLS has been the subject of several research reports. Scotiabank assumed coverage on shares of Celestica in a research note on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price target on the stock. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a report on Tuesday, July 28th. TD Cowen reissued a “buy” rating on shares of Celestica in a research note on Wednesday. Bank of America reissued a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. Finally, TD set a $430.00 price target on shares of Celestica and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $440.50.

Celestica Stock Up 2.0%

The stock has a market capitalization of $37.96 billion, a P/E ratio of 34.32 and a beta of 2.04. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average is $323.56 and its 200-day moving average is $338.09.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating 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 net margin of 7.16% and a return on equity of 39.96%. Celestica’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, equities research analysts predict that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 98,453 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value of $5,952,330.44. Following the sale, the chief financial officer owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 199,553 shares of company stock valued at $73,437,196 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Celestica

Several institutional investors and hedge funds have recently made changes to their positions in CLS. Legacy Wealth Managment LLC ID raised its stake in Celestica by 14.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after purchasing an additional 28 shares in the last quarter. Capital Planning LLC raised its position in shares of Celestica by 3.2% during the 1st quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after buying an additional 32 shares in the last quarter. PCB Capital LLC lifted its holdings in shares of Celestica by 3.5% during the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after acquiring an additional 34 shares during the last quarter. XML Financial LLC lifted its holdings in shares of Celestica by 1.5% during the 2nd quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock worth $963,000 after acquiring an additional 40 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Celestica by 0.9% in the second quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock worth $1,592,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.