Celestica (NYSE:CLS) Shares Down 2.4% – Should You Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price traded down 2.4% during trading on Thursday . The stock traded as low as $322.07 and last traded at $325.5120. 1,169,079 shares traded hands during trading, a decline of 52% from the average session volume of 2,441,087 shares. The stock had previously closed at $333.60.

Analyst Ratings Changes

CLS has been the subject of several recent research reports. Canadian Imperial Bank of Commerce increased their price objective on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Stifel Nicolaus set a $500.00 target price on Celestica in a research note on Tuesday, July 28th. Bank of America reaffirmed a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. Royal Bank Of Canada set a $450.00 price target on Celestica and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $439.81.

Celestica Stock Performance

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’s 50 day moving average is $325.56 and its 200-day moving average is $337.20. The firm has a market cap of $39.76 billion, a price-to-earnings ratio of 35.95 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, topping analysts’ consensus estimates of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the company posted $1.39 earnings per share. Celestica’s revenue for the quarter was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Sell-side analysts anticipate that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Transactions at Celestica

In related news, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 356,553 shares of company stock worth $135,238,444. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Celestica

Institutional investors have recently modified their holdings of the company. Junto Capital Management LP acquired a new stake in shares of Celestica in the second quarter worth $43,461,000. Sequoia Financial Advisors LLC grew its stake in Celestica by 0.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock valued at $1,592,000 after buying an additional 40 shares during the last quarter. Tidal Investments LLC grew its stake in Celestica by 198.2% in the 2nd quarter. Tidal Investments LLC now owns 106,509 shares of the technology company’s stock valued at $38,854,000 after buying an additional 70,794 shares during the last quarter. IPG Investment Advisors LLC raised its holdings in Celestica by 449.7% in the 2nd quarter. IPG Investment Advisors LLC now owns 5,360 shares of the technology company’s stock worth $1,954,000 after acquiring an additional 4,385 shares during the period. Finally, Whetstone Capital Advisors LLC bought a new position in Celestica in the 2nd quarter worth $281,000. Institutional investors own 67.38% of the company’s stock.

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.