Celestica (NYSE:CLS) Trading 2% Higher – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares rose 2% during trading on Thursday . The stock traded as high as $353.96 and last traded at $330.1770. Approximately 2,026,697 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 2,429,472 shares. The stock had previously closed at $323.83.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CLS. Wall Street Zen cut shares of Celestica from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Weiss Ratings downgraded Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Stifel Nicolaus set a $500.00 price objective on Celestica in a research note on Tuesday, July 28th. TD Cowen restated a “buy” rating on shares of Celestica in a research note on Wednesday. Finally, Wolfe Research raised their price objective on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and twenty-three have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $440.50.

Celestica Stock Performance

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 company has a market capitalization of $38.29 billion, a P/E ratio of 34.62 and a beta of 2.04. The business has a 50-day moving average of $322.52 and a 200-day moving average of $338.42.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, sell-side analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica 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 transaction, the chief financial officer directly owned 65,444 shares in the company, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 199,553 shares of company stock worth $73,437,196 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Institutional investors have recently bought and sold shares of the company. Washington Trust Advisors Inc. purchased a new stake in shares of Celestica during the 2nd quarter valued at $28,000. Cullen Frost Bankers Inc. purchased a new stake in Celestica in the fourth quarter valued at about $30,000. Sittner & Nelson LLC purchased a new stake in Celestica in the fourth quarter valued at about $31,000. Ascentis Independent Advisors acquired a new stake in Celestica in the first quarter worth about $29,000. Finally, Harbor Investment Advisory LLC acquired a new stake in Celestica in the second quarter worth about $58,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.