Celestica (NYSE:CLS) Trading Up 3.5% – What’s Next?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) shot up 3.5% on Monday . The stock traded as high as $348.00 and last traded at $344.27. 1,866,611 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 2,424,750 shares. The stock had previously closed at $332.63.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CLS. Weiss Ratings downgraded Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. TD Cowen reiterated a “buy” rating on shares of Celestica in a report on Wednesday, September 16th. Scotiabank started coverage on shares of Celestica in a report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price objective on the stock. Wall Street Zen cut shares of Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Finally, Royal Bank Of Canada set a $450.00 price target on shares of Celestica and gave the company an “outperform” rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $440.50.

Celestica Trading Up 0.6%

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 business has a fifty day simple moving average of $322.75 and a 200 day simple moving average of $340.15. The stock has a market cap of $41.18 billion, a price-to-earnings ratio of 37.16 and a beta of 2.04.

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, beating the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business’s revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the business earned $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. As a group, equities analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current year.

Insider Buying and Selling

In related news, CEO Robert Mionis sold 98,453 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 199,553 shares of company stock valued at $73,437,196. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Celestica

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cibc World Market Inc. acquired a new position in shares of Celestica during the second quarter worth approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Celestica in the 2nd quarter worth approximately $674,199,000. Norges Bank bought a new position in shares of Celestica in the fourth quarter valued at approximately $456,511,000. Bank of America Corp DE acquired a new position in shares of Celestica during the second quarter valued at approximately $444,899,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Celestica in the second quarter worth approximately $351,717,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Company Profile

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.