Celestica (NYSE:CLS) Stock Price Down 8.8% – Time to Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price traded down 8.8% during mid-day trading on Tuesday . The stock traded as low as $308.52 and last traded at $310.3680. 2,950,283 shares were traded during trading, an increase of 19% from the average daily volume of 2,471,343 shares. The stock had previously closed at $340.40.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and set a $475.00 price target on shares of Celestica in a research report on Tuesday, April 28th. Canadian Imperial Bank of Commerce boosted their price target on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price target on Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings cut shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average target price of $438.86.

Celestica Price Performance

The company has a market capitalization of $34.04 billion, a PE ratio of 30.86 and a beta of 2.06. The stock has a 50 day moving average price of $344.76 and a two-hundred day moving average price of $335.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 7.16% and a return on equity of 39.96%. Celestica’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same period in the prior year, the company posted $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. Equities analysts forecast that Celestica, Inc. will post 9.97 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Robert Mionis sold 98,453 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 356,553 shares of company stock valued at $135,238,444. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CLS. Legacy Wealth Managment LLC ID lifted its position in Celestica by 14.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after buying an additional 28 shares in the last quarter. Capital Planning LLC lifted its position in Celestica by 3.2% in the 1st quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after acquiring an additional 32 shares in the last quarter. PCB Capital LLC boosted its position in Celestica by 3.5% during the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after acquiring an additional 34 shares during the last quarter. Avantax Planning Partners Inc. boosted its stake in shares of Celestica by 2.7% during the 4th quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock worth $452,000 after buying an additional 40 shares during the last quarter. Finally, Park Square Financial Group LLC grew its stake in shares of Celestica by 36.3% in the fourth quarter. Park Square Financial Group LLC now owns 154 shares of the technology company’s stock valued at $46,000 after buying an additional 41 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

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.