Celestica (NYSE:CLS) Stock Price Down 2.7% – What’s Next?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 2.7% during trading on Thursday. The stock traded as low as $296.12 and last traded at $314.7420. 3,791,636 shares were traded during trading, an increase of 57% from the average daily volume of 2,408,280 shares. The stock had previously closed at $323.32.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. TD set a $430.00 price target on shares of Celestica and gave the company a “buy” rating in a research report on Wednesday, September 16th. FBN Securities started coverage on Celestica in a report on Tuesday, September 15th. They issued an “outperform” rating and a $375.00 price objective on the stock. Royal Bank Of Canada set a $450.00 target price on Celestica and gave the company an “outperform” rating in a research note on Wednesday, August 26th. BWS Financial restated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Finally, Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Twenty-three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Celestica currently has an average rating of “Moderate Buy” and an average price target of $450.50.

Celestica Trading Down 3.7%

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 has a market capitalization of $34.90 billion, a PE ratio of 31.55 and a beta of 2.01. The stock’s 50-day simple moving average is $332.79 and its 200-day simple moving average is $350.26.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the company posted $1.39 EPS. The company’s quarterly revenue was up 62.4% compared to the same quarter last year. 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 news, CEO Robert Mionis sold 98,453 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $5,952,330.44. Following the sale, the chief financial officer owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 243,067 shares of company stock valued at $89,200,967. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Elevated Financial Group LLC grew its position in shares of Celestica by 8.5% in the 3rd quarter. Elevated Financial Group LLC now owns 3,490 shares of the technology company’s stock worth $1,261,000 after buying an additional 272 shares during the period. AlphaStar Capital Management LLC lifted its position in Celestica by 57.9% during the 3rd quarter. AlphaStar Capital Management LLC now owns 941 shares of the technology company’s stock valued at $340,000 after acquiring an additional 345 shares during the period. TD Waterhouse Canada Inc. lifted its position in Celestica by 36.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 185,144 shares of the technology company’s stock valued at $69,030,000 after acquiring an additional 49,481 shares during the period. Riverbend Wealth Management LLC lifted its position in Celestica by 4.8% during the 3rd quarter. Riverbend Wealth Management LLC now owns 745 shares of the technology company’s stock valued at $269,000 after acquiring an additional 34 shares during the period. Finally, Walser Wealth Management Company A Ltd Liability Co boosted its stake in Celestica by 9.6% during the third quarter. Walser Wealth Management Company A Ltd Liability Co now owns 1,224 shares of the technology company’s stock worth $442,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other 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.