Celestica (NYSE:CLS) Trading Down 5.3% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares traded down 5.3% during mid-day trading on Wednesday . The stock traded as low as $273.80 and last traded at $277.0440. Approximately 3,149,357 shares traded hands during mid-day trading, an increase of 29% from the average daily volume of 2,435,167 shares. The stock had previously closed at $292.59.

Analyst Ratings Changes

Several analysts have recently commented on the company. BWS Financial restated a “buy” rating on shares of Celestica in a research note on Tuesday, July 28th. Royal Bank Of Canada set a $450.00 price objective on shares of Celestica and gave the company an “outperform” rating in a research note on Wednesday, August 26th. UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $410.00 to $430.00 in a report on Monday, August 24th. Weiss Ratings downgraded shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $439.81.

Celestica Trading Down 5.3%

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 $31.86 billion, a P/E ratio of 28.80 and a beta of 2.06. The firm has a 50 day simple moving average of $330.70 and a 200 day simple moving average of $335.71.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 EPS. 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, equities research analysts predict that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insider Buying and Selling at Celestica

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction on 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 $32,948,744.60. This represents a 17.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert Mionis sold 98,453 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 356,553 shares of company stock worth $135,238,444. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CLS. Washington Trust Advisors Inc. purchased a new stake in shares of Celestica in the 2nd quarter worth about $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Celestica in the 4th quarter worth approximately $28,000. Swiss RE Ltd. bought a new position in Celestica in the fourth quarter worth $29,000. Cullen Frost Bankers Inc. bought a new stake in Celestica during the fourth quarter worth about $30,000. Finally, Sittner & Nelson LLC bought a new stake in shares of Celestica in the 4th quarter worth approximately $31,000. 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.