Celestica (NYSE:CLS) Shares Up 1.6% – Time to Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price shot up 1.6% during mid-day trading on Monday . The company traded as high as $344.36 and last traded at $342.9750. 1,770,782 shares changed hands during trading, a decline of 26% from the average daily volume of 2,400,922 shares. The stock had previously closed at $337.53.

Analyst Upgrades and Downgrades

CLS has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $480.00 target price on shares of Celestica in a research report on Wednesday, April 29th. Weiss Ratings raised shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective for the company in a research note on Wednesday, April 29th. TD upped their price objective on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. increased their target price on Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $427.42.

Celestica Stock Up 1.6%

The company has a market cap of $39.43 billion, a price-to-earnings ratio of 41.47, a price-to-earnings-growth ratio of 0.79 and a beta of 2.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The firm’s 50-day moving average price is $383.05 and its 200-day moving average price is $327.81.

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

Insiders Place Their Bets

In other Celestica news, CEO Robert Mionis sold 66,056 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $400.06, for a total value of $26,426,363.36. Following the completion of the sale, the chief executive officer owned 134,328 shares of the company’s stock, valued at $53,739,259.68. This trade represents a 32.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction on 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 transaction, the director owned 24,718 shares in the company, valued at $8,238,756.58. This represents a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 161,168 shares of company stock worth $63,190,485 in the last 90 days. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Celestica in the 4th quarter worth about $28,000. Ascentis Independent Advisors acquired a new position in shares of Celestica during the first quarter worth approximately $29,000. Swiss RE Ltd. acquired a new position in shares of Celestica during the fourth quarter worth approximately $29,000. Cullen Frost Bankers Inc. bought a new position in Celestica in the 4th quarter worth approximately $30,000. Finally, Sittner & Nelson LLC acquired a new stake in Celestica in the 4th quarter valued at approximately $31,000. 67.38% of the stock is currently owned by institutional investors.

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.