Celestica (NYSE:CLS) Shares Up 1.1% – Should You Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price was up 1.1% during trading on Monday . The company traded as high as $378.38 and last traded at $376.4820. Approximately 1,837,675 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 2,414,259 shares. The stock had previously closed at $372.55.

Analyst Upgrades and Downgrades

Several research firms have commented on CLS. BMO Capital Markets lifted their price objective on shares of Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Royal Bank Of Canada raised their target price on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and lifted their price target for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. UBS Group lifted their price target on shares of Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Barclays upped their price target on shares of Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and an average price target of $427.42.

Celestica Stock 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 50 day moving average price of $383.45 and a 200 day moving average price of $326.48. The stock has a market cap of $43.28 billion, a PE ratio of 45.52, a price-to-earnings-growth ratio of 0.87 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. Celestica’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, research analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Buying and Selling at Celestica

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction dated Monday, June 15th. The stock was 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the sale, the director directly owned 24,718 shares of the company’s stock, valued at $8,238,756.58. This trade represents a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 161,168 shares of company stock worth $63,190,485. 1.10% of the stock is owned by insiders.

Institutional Trading of Celestica

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Spark Investment Management LLC increased its position in shares of Celestica by 17.4% during the third quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock valued at $6,643,000 after acquiring an additional 4,000 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of Celestica by 354.3% in the 4th quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after acquiring an additional 4,663 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of Celestica in the 3rd quarter worth approximately $28,924,000. CIBC Asset Management Inc boosted its position in shares of Celestica by 7.7% during the 4th quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after purchasing an additional 31,086 shares during the period. Finally, Norges Bank purchased a new position in shares of Celestica during the 4th quarter worth approximately $456,511,000. 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.