Celestica (NYSE:CLS) Stock Falls 4% – Should You Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares dropped 4% during mid-day trading on Monday. The stock traded as low as $346.95 and last traded at $347.7160. Approximately 1,402,235 shares were traded during mid-day trading, a decline of 42% from the average session volume of 2,400,282 shares. The stock had previously closed at $362.16.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of analyst reports. BWS Financial reissued a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Weiss Ratings cut shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Barclays lowered their price target on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Wall Street Zen downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Finally, Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a research report on Tuesday, July 28th. Twenty-three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $450.50.

Celestica Stock Down 4.0%

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 $39.98 billion, a price-to-earnings ratio of 36.15 and a beta of 2.01. The firm has a 50-day moving average price of $334.06 and a two-hundred day moving average price of $349.28.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.25. The firm 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 firm’s revenue was up 62.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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, sell-side analysts forecast that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Robert Mionis sold 23,396 shares of the company’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total value of $8,521,291.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Todd C. Cooper sold 20,118 shares of the 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 in the company, valued at $26,370,720. This trade represents a 21.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 243,067 shares of company stock valued at $89,200,967. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Celestica

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Washington Trust Advisors Inc. purchased a new position in shares of Celestica during the second quarter worth about $28,000. Elevation Wealth Partners LLC acquired a new stake in shares of Celestica during the third quarter worth about $28,000. Ascentis Independent Advisors purchased a new stake in shares of Celestica in the 1st quarter valued at about $29,000. Harbor Investment Advisory LLC purchased a new stake in shares of Celestica in the 2nd quarter valued at about $58,000. Finally, Continuum Advisory LLC purchased a new stake in shares of Celestica in the 2nd quarter valued at about $62,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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.