Celestica (NYSE:CLS) Trading 1.9% Higher – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares traded up 1.9% on Wednesday . The stock traded as high as $367.90 and last traded at $363.0240. Approximately 2,272,836 shares traded hands during trading, a decline of 6% from the average session volume of 2,426,181 shares. The stock had previously closed at $356.09.

Analysts Set New Price Targets

CLS has been the topic of several research analyst reports. Barclays decreased their target price on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. FBN Securities started coverage on Celestica in a research report on Tuesday, September 15th. They issued an “outperform” rating and a $375.00 price target for the company. Canadian Imperial Bank of Commerce lifted their price target on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, Scotiabank assumed coverage on Celestica in a research note on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and twenty-three have issued a Buy rating to the stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of “Buy” and an average target price of $440.50.

Celestica Stock Performance

The stock’s fifty day simple moving average is $322.75 and its two-hundred day simple moving average is $340.15. 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 company has a market cap of $41.74 billion, a price-to-earnings ratio of 37.74 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm’s revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Equities research analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Robert Mionis sold 23,496 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the sale, the chief executive officer directly owned 23,396 shares in the company, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction that occurred on 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 sale, the chief financial officer owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 199,553 shares of company stock valued at $73,437,196. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Celestica

Hedge funds and other institutional investors have recently modified their holdings of the business. Andra AP fonden lifted its holdings in shares of Celestica by 36.4% in the 2nd quarter. Andra AP fonden now owns 30,700 shares of the technology company’s stock worth $11,199,000 after purchasing an additional 8,200 shares during the last quarter. Junto Capital Management LP acquired a new position in Celestica during the 2nd quarter valued at about $43,461,000. Sequoia Financial Advisors LLC boosted its holdings in shares of Celestica by 0.9% in the second quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock valued at $1,592,000 after acquiring an additional 40 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Celestica by 198.2% during the second quarter. Tidal Investments LLC now owns 106,509 shares of the technology company’s stock valued at $38,854,000 after acquiring an additional 70,794 shares during the period. Finally, IPG Investment Advisors LLC raised its holdings in Celestica by 449.7% during the second quarter. IPG Investment Advisors LLC now owns 5,360 shares of the technology company’s stock worth $1,954,000 after purchasing an additional 4,385 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

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.