Celestica (NYSE:CLS) Stock Falls 1.2% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price dropped 1.2% during mid-day trading on Monday. The stock traded as low as $375.41 and last traded at $382.5050. 1,118,234 shares traded hands during trading, a decline of 54% from the average session volume of 2,423,169 shares. The stock had previously closed at $387.32.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CLS shares. Wolfe Research boosted their price target on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. FBN Securities began coverage on Celestica in a research report on Tuesday, September 15th. They set an “outperform” rating and a $375.00 price target on the stock. UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and upped their price target for the company from $410.00 to $430.00 in a research note on Monday, August 24th. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a report on Tuesday, July 28th. Finally, Scotiabank began coverage on shares of Celestica in a research note on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 price objective for the company. Twenty-three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $450.50.

Celestica Trading Down 1.2%

The firm has a 50 day simple moving average of $330.45 and a 200 day simple moving average of $345.99. 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 market cap of $43.98 billion, a P/E ratio of 39.76 and a beta of 2.01.

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, beating the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the business posted $1.39 earnings per share. The company’s revenue was up 62.4% on a year-over-year basis. 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, equities research analysts predict that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insider Buying and Selling

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the sale, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Todd Cooper sold 20,118 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the completion of the transaction, the president directly owned 73,252 shares of the company’s stock, valued at approximately $26,370,720. The trade was a 21.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 243,067 shares of company stock valued at $89,200,967. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

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

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.