Celestica (NYSE:CLS) Stock Price Down 5.2% – Should You Sell?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) were down 5.2% during trading on Tuesday . The stock traded as low as $381.36 and last traded at $382.40. Approximately 1,265,819 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 2,431,749 shares. The stock had previously closed at $403.45.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Zacks highlighted Celestica as one of several GARP stocks with solid growth prospects and attractive valuation, reinforcing the company’s appeal as a growth-at-a-reasonable-price idea. Add These 4 GARP Stocks to Your Portfolio to Receive Handsome Returns
• Positive Sentiment: Another Zacks note said CLS has been showing up frequently in investor searches, suggesting elevated market interest and ongoing bullish speculation. Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Recent commentary also pointed to Celestica as a possible beneficiary of surging data-center demand, which supports the long-term investment case but is not a direct new catalyst. 3 TSX Stocks That Could Benefit From Surging Data Centre Demand
• Negative Sentiment: CEO Robert Mionis sold multiple blocks of Celestica shares this week, including a large June 16 sale and another June 17 sale, which can make investors wary about insider confidence near recent highs. SEC filing for Robert Mionis sale
• Negative Sentiment: CFO Mandeep Chawla also sold 17,000 shares, adding to the impression that insiders may be taking profits after a strong run in the stock. SEC filing for Mandeep Chawla sale

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Royal Bank Of Canada raised their price objective on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and lifted their target price for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. Susquehanna upped their target price on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus set a $445.00 target price on shares of Celestica in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $427.42.

Celestica Stock Down 1.9%

The business has a 50-day simple moving average of $380.87 and a two-hundred day simple moving average of $325.89. The stock has a market capitalization of $42.88 billion, a P/E ratio of 45.10, a PEG ratio of 0.89 and a beta of 2.02. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

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

Insider Buying and Selling

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the transaction, the director directly owned 24,718 shares in the company, valued at $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the sale, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.

Institutional Inflows and Outflows

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

Celestica Company Profile

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.