Celestica (NYSE:CLS) Shares Climb 2.8% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price traded up 2.8% during trading on Tuesday. The company traded as high as $375.28 and last traded at $366.4580. Approximately 2,403,944 shares changed hands during trading, a decline of 1% from the average daily volume of 2,429,043 shares. The stock had previously closed at $356.53.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CLS shares. Wall Street Zen downgraded Celestica from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Weiss Ratings cut Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Wolfe Research boosted their price target on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. UBS Group raised shares of Celestica from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $410.00 to $430.00 in a research report on Monday, August 24th. Finally, Bank of America reiterated a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $447.19.

Celestica Stock Performance

The stock has a market cap of $42.14 billion, a price-to-earnings ratio of 38.09 and a beta of 2.04. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $326.99 and a 200 day simple moving average of $343.01.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same period last year, the company posted $1.39 EPS. 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 research analysts forecast that Celestica, Inc. will post 10.71 EPS for the current year.

Insider Transactions at Celestica

In other news, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction on Tuesday, August 4th. The stock was 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. This represents a 19.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Todd Cooper sold 20,118 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the sale, the president directly owned 73,252 shares in the company, valued at approximately $26,370,720. This trade represents a 21.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 243,067 shares of company stock worth $89,200,967. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

A number of institutional investors have recently made changes to their positions in CLS. Andra AP fonden raised its position in shares of Celestica by 36.4% during the second quarter. Andra AP fonden now owns 30,700 shares of the technology company’s stock worth $11,199,000 after acquiring an additional 8,200 shares during the last quarter. Junto Capital Management LP acquired a new position in shares of Celestica in the 2nd quarter worth approximately $43,461,000. Sequoia Financial Advisors LLC boosted its stake in shares of 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 purchasing an additional 40 shares during the last quarter. Tidal Investments LLC increased its position 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 worth $38,854,000 after buying an additional 70,794 shares during the period. Finally, IPG Investment Advisors LLC raised its stake 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 buying an additional 4,385 shares during the last quarter. 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 services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.