Celestica (NYSE:CLS) Shares Down 6.6% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares dropped 6.6% on Tuesday . The company traded as low as $346.52 and last traded at $351.84. 1,872,701 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 2,410,437 shares. The stock had previously closed at $376.84.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CLS shares. Barclays boosted their target price on shares of Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Bank of America raised their price target on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. lifted their price target on Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. TD upped their target price on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. Finally, Citigroup increased their target price on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Price Performance

The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $40.45 billion, a price-to-earnings ratio of 42.54, a P/E/G ratio of 0.87 and a beta of 2.02. The company has a fifty day moving average price of $384.42 and a two-hundred day moving average price of $326.99.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the company posted $1.20 EPS. The company’s quarterly revenue 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 expect that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insider Buying and Selling at Celestica

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares in the company, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 66,056 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $400.06, for a total transaction of $26,426,363.36. Following the completion of the sale, the chief executive officer directly owned 134,328 shares of the company’s stock, valued at $53,739,259.68. The trade was a 32.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 161,168 shares of company stock worth $63,190,485. 1.10% of the stock is owned by company insiders.

Institutional Trading of Celestica

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legacy Wealth Managment LLC ID grew its stake 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 purchasing an additional 28 shares during the last quarter. Pinney & Scofield Inc. raised its stake in shares of Celestica by 20.0% during the third quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock worth $44,000 after purchasing an additional 30 shares during the last quarter. Capital Planning LLC raised its stake 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 during the last quarter. LeConte Wealth Management LLC lifted its holdings in shares of Celestica by 3.5% during the fourth quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock worth $296,000 after purchasing an additional 34 shares during the period. Finally, PCB Capital LLC grew its position in Celestica by 3.5% in the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after buying an additional 34 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

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.