Celestica (NYSE:CLS) Stock Price Up 2.1% – Time to Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) rose 2.1% during mid-day trading on Wednesday . The stock traded as high as $329.96 and last traded at $323.4670. Approximately 1,691,627 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 2,433,096 shares. The stock had previously closed at $316.81.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. TD Cowen reissued a “buy” rating on shares of Celestica in a research note on Wednesday. TD set a $430.00 price objective on Celestica and gave the stock a “buy” rating in a report on Wednesday. FBN Securities initiated coverage on Celestica in a research note on Tuesday. They set an “outperform” rating and a $375.00 price objective for the company. Barclays reduced their target price on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Finally, BWS Financial restated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $440.50.

Celestica Trading Up 2.0%

The stock has a market capitalization of $37.96 billion, a PE ratio of 34.32 and a beta of 2.04. The company’s 50 day moving average price is $323.07 and its two-hundred day moving average price is $338.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.25. The company 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 was up 62.4% compared to the same quarter last year. During the same quarter in the prior year, the company 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. As a group, analysts expect that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the transaction, the chief financial officer owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $36,328,172.47. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 199,553 shares of company stock worth $73,437,196. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Celestica

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Celestica by 24.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after acquiring an additional 798,782 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Celestica by 18.6% in the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock valued at $673,471,000 after purchasing an additional 356,797 shares during the period. Cibc World Market Inc. grew its stake in Celestica by 30.6% during the 4th quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock worth $670,279,000 after purchasing an additional 530,535 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Celestica during the 2nd quarter worth about $674,199,000. Finally, Goldman Sachs Group Inc. raised its position in Celestica by 25.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,637,367 shares of the technology company’s stock valued at $484,022,000 after purchasing an additional 332,641 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

About Celestica

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.