Celestica (NYSE:CLS) Trading Up 2.4% – Here’s Why

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded up 2.4% during trading on Thursday . The stock traded as high as $354.77 and last traded at $354.6350. 1,227,589 shares were traded during mid-day trading, a decline of 50% from the average session volume of 2,449,781 shares. The stock had previously closed at $346.48.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Bank of America upped their price target on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Weiss Ratings raised shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $475.00 price target on shares of Celestica in a research note on Tuesday, April 28th. Finally, Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average price target of $427.42.

Celestica Stock Performance

The business has a 50-day simple moving average of $337.35 and a 200-day simple moving average of $316.63. The firm has a market capitalization of $40.77 billion, a PE ratio of 42.88, a P/E/G ratio of 0.79 and a beta of 2.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. Celestica’s quarterly revenue was up 52.8% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Equities research analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the sale, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLS. NewGen Equity Long Short Fund purchased a new stake in shares of Celestica in the second quarter worth approximately $14,050,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Celestica by 7,646.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock worth $157,000 after buying an additional 994 shares during the period. First Trust Advisors LP increased its stake in Celestica by 30.0% in the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock worth $12,197,000 after purchasing an additional 18,025 shares during the period. NewEdge Advisors LLC increased its stake in Celestica by 385.8% in the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock worth $438,000 after purchasing an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC increased its stake in Celestica by 11.0% in the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock worth $497,000 after purchasing an additional 315 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.