Celestica (NYSE:CLS) Stock Price Down 6% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price traded down 6% on Friday . The company traded as low as $357.55 and last traded at $358.5040. 1,882,838 shares changed hands during trading, a decline of 24% from the average session volume of 2,476,160 shares. The stock had previously closed at $381.59.

Analyst Ratings Changes

Several research analysts have recently weighed in on CLS shares. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. Citigroup raised their target price on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lifted their target price on Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Stifel Nicolaus set a $445.00 price target on Celestica in a research note on Tuesday, April 28th. Finally, Canaccord Genuity Group increased their price target on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Trading Down 6.0%

The firm’s 50 day simple moving average is $330.70 and its two-hundred day simple moving average is $316.09. The stock has a market capitalization of $41.22 billion, a P/E ratio of 43.35, a P/E/G ratio of 0.87 and a beta of 2.09. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

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

Institutional Investors Weigh In On Celestica

A number of hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Celestica during the fourth quarter valued at approximately $28,000. Ascentis Independent Advisors bought a new position in shares of Celestica in the 1st quarter worth $29,000. Swiss RE Ltd. bought a new position in shares of Celestica in the 4th quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new stake in Celestica in the 4th quarter valued at $30,000. Finally, First Horizon Corp acquired a new stake in Celestica in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

About Celestica

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.