Celestica (NYSE:CLS) Shares Up 11.6% – Still a Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price shot up 11.6% on Thursday . The company traded as high as $314.09 and last traded at $310.12. Approximately 3,752,786 shares were traded during mid-day trading, an increase of 54% from the average session volume of 2,443,596 shares. The stock had previously closed at $277.77.

Analysts Set New Price Targets

CLS has been the topic of several analyst reports. Bank of America restated a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a report on Tuesday, July 28th. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Wolfe Research increased their price target on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $439.81.

Celestica Price Performance

The stock has a market capitalization of $35.66 billion, a P/E ratio of 32.24 and a beta of 2.04. The company’s 50-day simple moving average is $328.98 and its 200-day simple moving average is $335.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the company posted $1.39 earnings per share. Celestica’s quarterly revenue was up 62.4% on a year-over-year basis. 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, sell-side analysts expect that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insider Transactions at Celestica

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the firm’s 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 directly owned 65,444 shares in the company, valued at $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the sale, the chief executive officer owned 23,396 shares of the company’s stock, valued at $8,478,476.44. This trade represents a 50.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Celestica

A number of institutional investors have recently modified their holdings of the stock. NewGen Equity Long Short Fund bought a new stake in shares of Celestica during the 2nd quarter worth $14,050,000. Northwestern Mutual Wealth Management Co. grew its position in 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 valued at $157,000 after acquiring an additional 994 shares during the last quarter. First Trust Advisors LP grew its position in Celestica by 30.0% in the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock valued at $12,197,000 after acquiring an additional 18,025 shares during the last quarter. NewEdge Advisors LLC raised its stake in Celestica by 385.8% during the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock worth $438,000 after acquiring an additional 2,226 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its holdings in shares of 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 acquiring an additional 315 shares during the last quarter. 67.38% of the stock is currently owned by 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.