Celestica (NYSE:CLS) Stock Price Up 2.1% – Still a Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price rose 2.1% on Friday . The stock traded as high as $398.48 and last traded at $393.8470. Approximately 1,157,771 shares traded hands during trading, a decline of 53% from the average daily volume of 2,451,036 shares. The stock had previously closed at $385.86.

Analysts Set New Price Targets

CLS has been the topic of several recent analyst reports. Weiss Ratings raised Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Susquehanna upped their price target on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. UBS Group boosted their target price on Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Bank of America boosted their target price on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Rothschild & Co Redburn assumed coverage on Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Celestica has an average rating of “Moderate Buy” and an average target price of $427.42.

Celestica Stock Performance

The company has a market cap of $45.28 billion, a P/E ratio of 47.62, a P/E/G ratio of 0.91 and a beta of 2.02. The firm has a 50 day moving average price of $375.19 and a 200-day moving average price of $324.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26.

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

Insider Activity

In other news, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Large investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Celestica during the 4th quarter worth about $28,000. Swiss RE Ltd. bought a new stake in Celestica during the 4th quarter valued at approximately $29,000. Cullen Frost Bankers Inc. bought a new stake in Celestica during the 4th quarter valued at approximately $30,000. Sittner & Nelson LLC bought a new stake in Celestica during the 4th quarter valued at approximately $31,000. Finally, Ascentis Independent Advisors bought a new stake in Celestica during the 1st quarter valued at approximately $29,000. Institutional investors 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.