Celestica (NYSE:CLS) Stock Jumps 1.7% – Should You Buy?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded up 1.7% during trading on Tuesday. The company traded as high as $389.50 and last traded at $389.1950. 1,174,011 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 2,416,763 shares. The stock had previously closed at $382.69.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CLS. TD set a $430.00 price objective on shares of Celestica and gave the stock a “buy” rating in a research note on Wednesday, September 16th. Sanford C. Bernstein began coverage on shares of Celestica in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $520.00 target price for the company. BWS Financial reiterated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Bank of America reissued a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a research report on Tuesday, July 28th. Twenty-three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $450.50.

Celestica Stock Down 5.2%

The firm has a market capitalization of $40.52 billion, a P/E ratio of 36.55 and a beta of 2.01. 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 $333.39 and its 200 day moving average is $348.13.

Celestica (NYSE:CLS) (TSE:CLS) last released 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 for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same quarter last year, the business 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 predict that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Celestica news, President Todd C. Cooper sold 20,118 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total value of $7,242,480.00. Following the completion of the transaction, the president directly owned 73,252 shares in the company, valued at $26,370,720. This trade represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 SEC filing for this sale provides additional information. Insiders sold a total of 243,067 shares of company stock valued at $89,200,967 in the last quarter. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Titleist Asset Management LLC bought a new position in shares of Celestica during the third quarter worth approximately $233,000. Elevation Wealth Partners LLC acquired a new stake in shares of Celestica during the 3rd quarter worth $28,000. Eleva Capital SAS bought a new position in Celestica in the 3rd quarter valued at about $2,372,000. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Celestica during the 3rd quarter worth approximately $27,821,000. Finally, Polaris Financial Partners bought a new stake in Celestica during the third quarter worth $232,000. Institutional investors own 67.38% of the company’s stock.

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.