Celestica (NYSE:CLS) Stock Price Up 3.6% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price was up 3.6% on Tuesday . The company traded as high as $359.05 and last traded at $356.9430. Approximately 2,113,994 shares traded hands during trading, a decline of 13% from the average daily volume of 2,424,998 shares. The stock had previously closed at $344.40.

Analyst Ratings Changes

Several brokerages recently commented on CLS. Wolfe Research raised their price objective on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Scotiabank assumed coverage on shares of Celestica in a report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. UBS Group raised Celestica from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $410.00 to $430.00 in a research note on Monday, August 24th. Finally, FBN Securities assumed coverage on Celestica in a report on Tuesday, September 15th. They issued an “outperform” rating and a $375.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and twenty-three have given a Buy rating to the company. Based on data from MarketBeat, Celestica has an average rating of “Buy” and a consensus price target of $440.50.

Celestica Price Performance

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 company has a 50-day moving average of $322.50 and a 200-day moving average of $339.54. The stock has a market capitalization of $41.04 billion, a price-to-earnings ratio of 37.10 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion for 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%.Celestica’s quarterly revenue was up 62.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 EPS. 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 expect that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Robert Mionis sold 23,496 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the transaction, the chief executive officer owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. The trade was a 50.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the completion of the transaction, the chief financial officer owned 65,444 shares in the company, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 199,553 shares of company stock worth $73,437,196. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

A number of institutional investors have recently modified their holdings of the company. Andra AP fonden lifted its stake in shares of Celestica by 36.4% during the second quarter. Andra AP fonden now owns 30,700 shares of the technology company’s stock valued at $11,199,000 after buying an additional 8,200 shares during the period. Junto Capital Management LP purchased a new position in shares of Celestica during the 2nd quarter worth $43,461,000. Sequoia Financial Advisors LLC lifted its stake in shares of Celestica by 0.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock worth $1,592,000 after purchasing an additional 40 shares during the period. Tidal Investments LLC boosted its holdings in shares of Celestica by 198.2% during the second quarter. Tidal Investments LLC now owns 106,509 shares of the technology company’s stock worth $38,854,000 after purchasing an additional 70,794 shares during the last quarter. Finally, IPG Investment Advisors LLC boosted its holdings in shares of Celestica by 449.7% during the second quarter. IPG Investment Advisors LLC now owns 5,360 shares of the technology company’s stock worth $1,954,000 after purchasing an additional 4,385 shares during the last quarter. Institutional investors and hedge funds 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.