Celestica (NYSE:CLS) Stock Price Up 3.4% – Still a Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price was up 3.4% during mid-day trading on Wednesday . The company traded as high as $376.54 and last traded at $363.1210. 2,672,166 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 2,412,905 shares. The stock had previously closed at $351.20.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CLS shares. TD increased their target price on shares of Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, April 20th. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective for the company in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $480.00 price objective on shares of Celestica in a research note on Wednesday, April 29th. Citigroup raised their target price on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $475.00 target price on shares of Celestica in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Stock Performance

The company has a fifty day moving average price of $383.91 and a two-hundred day moving average price of $327.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The company has a market capitalization of $38.87 billion, a P/E ratio of 40.80, a PEG ratio of 0.84 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.08 by $0.08. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period last year, the company earned $1.20 EPS. The firm’s revenue was up 52.8% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Equities analysts forecast that Celestica, Inc. will post 9.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert Mionis sold 18,176 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $385.17, for a total transaction of $7,000,849.92. Following the completion of the transaction, the chief executive officer directly owned 60,384 shares of the company’s stock, valued at $23,258,105.28. This trade represents a 23.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 161,168 shares of company stock valued at $63,190,485 over the last 90 days. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Celestica

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Celestica during the 4th quarter valued at approximately $28,000. Swiss RE Ltd. acquired a new position in shares of Celestica in the 4th quarter worth approximately $29,000. Cullen Frost Bankers Inc. acquired a new position in shares of Celestica in the 4th quarter worth approximately $30,000. Sittner & Nelson LLC bought a new stake in shares of Celestica in the 4th quarter valued at $31,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Celestica during the first quarter worth $29,000. 67.38% of the stock is owned by institutional investors and hedge funds.

About Celestica

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.