Celestica (NYSE:CLS) Shares Down 1.2% – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares were down 1.2% on Monday. The company traded as low as $375.41 and last traded at $382.5050. Approximately 1,118,234 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 2,423,169 shares. The stock had previously closed at $387.32.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. TD set a $430.00 price objective on shares of Celestica and gave the stock a “buy” rating in a research report on Wednesday, September 16th. BWS Financial restated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Scotiabank began coverage on shares of Celestica in a report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price target for the company. UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and upped their price target for the stock from $410.00 to $430.00 in a report on Monday, August 24th. Finally, Royal Bank Of Canada set a $450.00 price target on Celestica and gave the company an “outperform” rating in a research note on Wednesday, August 26th. Twenty-three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and a consensus target price of $450.50.

Celestica Trading Up 1.7%

The firm’s 50-day moving average is $332.49 and its 200 day moving average is $347.51. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $44.75 billion, a price-to-earnings ratio of 40.46 and a beta of 2.01.

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

Insider Activity at Celestica

In related news, CEO Robert Mionis sold 23,396 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total value of $8,521,291.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the firm’s 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 transaction, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 243,067 shares of company stock worth $89,200,967 over the last three months. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

A number of hedge funds have recently made changes to their positions in the stock. Eleva Capital SAS acquired a new position in shares of Celestica in the third quarter worth approximately $2,372,000. Ferguson Wellman Capital Management Inc. acquired a new stake in Celestica during the 3rd quarter valued at approximately $27,821,000. Polaris Financial Partners bought a new position in Celestica during the 3rd quarter worth approximately $232,000. Andra AP fonden raised its holdings in Celestica by 36.4% during 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. Finally, Junto Capital Management LP acquired a new position in shares of Celestica in the 2nd quarter worth approximately $43,461,000. 67.38% of the stock is currently owned by institutional investors.

About Celestica

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.