Celestica (NYSE:CLS) Trading 2.6% Higher – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares traded up 2.6% during trading on Thursday . The company traded as high as $382.59 and last traded at $382.2060. 1,450,442 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 2,481,715 shares. The stock had previously closed at $372.55.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group raised their target price on Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $480.00 target price on shares of Celestica in a research note on Wednesday, April 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. Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Aletheia Capital raised their target price on Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned 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 $427.42.

Celestica Trading Up 2.6%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The company has a market cap of $43.94 billion, a P/E ratio of 46.22, a price-to-earnings-growth ratio of 0.87 and a beta of 2.09. The stock has a 50-day moving average of $328.19 and a two-hundred day moving average of $315.49.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 52.8% on a year-over-year basis. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. On average, equities research analysts predict that Celestica, Inc. will post 9.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH increased its holdings in shares of Celestica by 7.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock worth $83,044,000 after purchasing an additional 22,863 shares in the last quarter. Spark Investment Management LLC increased its holdings in shares of Celestica by 17.4% in the 3rd quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock worth $6,643,000 after purchasing an additional 4,000 shares in the last quarter. Spire Wealth Management increased its holdings in shares of Celestica by 354.3% in the 4th quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after purchasing an additional 4,663 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Celestica in the 3rd quarter worth $28,924,000. Finally, Plato Investment Management Ltd increased its holdings in shares of Celestica by 154.5% in the 3rd quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock worth $3,676,000 after purchasing an additional 9,135 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

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.