Celestica (NYSE:CLS) Shares Down 4.2% – Should You Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares traded down 4.2% during trading on Wednesday. The stock traded as low as $367.15 and last traded at $371.94. 1,564,357 shares were traded during trading, a decline of 35% from the average session volume of 2,412,420 shares. The stock had previously closed at $388.24.

Analysts Set New Price Targets

Several research firms recently weighed in on CLS. Wall Street Zen cut shares of Celestica from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Wolfe Research lifted their target price on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. BWS Financial reiterated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Finally, Barclays lowered their price objective on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Twenty-three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $450.50.

Celestica Trading Down 4.2%

The business’s 50 day simple moving average is $332.49 and its 200-day simple moving average is $347.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The stock has a market capitalization of $42.77 billion, a P/E ratio of 38.66 and a beta of 2.01.

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

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the 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 completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 243,067 shares of company stock worth $89,200,967. 1.10% of the stock is currently owned by company 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 company. JPMorgan Chase & Co. increased its position in shares of Celestica by 24.8% in the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after buying an additional 798,782 shares in the last quarter. Franklin Resources Inc. grew its stake in Celestica by 18.6% in the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock valued at $673,471,000 after acquiring an additional 356,797 shares during the period. Cibc World Market Inc. acquired a new position in Celestica in the second quarter valued at about $757,811,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Celestica in the second quarter worth about $674,199,000. Finally, Royal Bank of Canada lifted its holdings in shares of Celestica by 13.8% during the 1st quarter. Royal Bank of Canada now owns 1,283,561 shares of the technology company’s stock valued at $361,553,000 after purchasing an additional 156,040 shares in the last quarter. 67.38% of the stock is 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.