Celestica (NYSE:CLS) Trading Down 1.3% – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price fell 1.3% during mid-day trading on Tuesday . The stock traded as low as $330.18 and last traded at $345.6120. Approximately 1,538,507 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 2,371,233 shares. The stock had previously closed at $350.20.

Analyst Ratings Changes

Several equities research analysts recently commented on CLS shares. The Goldman Sachs Group reiterated a “buy” rating and set a $475.00 target price on shares of Celestica in a research report on Tuesday, April 28th. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Barclays raised their price target on shares of Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. TD lifted their price target on shares of Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, April 20th. Finally, Weiss Ratings raised shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Celestica currently has a consensus rating of “Buy” and a consensus target price of $427.42.

Celestica Price Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The business has a 50 day moving average price of $374.89 and a 200-day moving average price of $330.02. The company has a market capitalization of $40.77 billion, a price-to-earnings ratio of 42.83, a P/E/G ratio of 0.80 and a beta of 2.05.

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

Insider Activity

In related news, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares of the company’s stock, valued at $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 161,168 shares of company stock worth $63,190,485 in the last quarter. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celestica

Several institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Celestica in the 4th quarter valued at about $28,000. Swiss RE Ltd. acquired a new position in Celestica during the 4th quarter worth approximately $29,000. Cullen Frost Bankers Inc. bought a new position in Celestica in the fourth quarter worth approximately $30,000. Sittner & Nelson LLC bought a new position in Celestica in the fourth quarter worth approximately $31,000. Finally, Ascentis Independent Advisors acquired a new stake in Celestica in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

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.