Celestica (NYSE:CLS) Stock Price Up 4.5% – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price traded up 4.5% on Wednesday . The stock traded as high as $361.15 and last traded at $360.5260. 1,294,288 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 2,365,463 shares. The stock had previously closed at $345.06.

Analyst Ratings Changes

CLS has been the topic of several analyst reports. Royal Bank Of Canada upped their price target on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group reissued a “buy” rating and issued a $475.00 price objective on shares of Celestica in a research report on Tuesday, April 28th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $480.00 price objective on shares of Celestica in a research note 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 report on Wednesday, April 29th. Finally, Rothschild & Co Redburn started coverage on shares of Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $427.42.

Celestica Trading Up 4.5%

The business has a 50 day moving average of $376.13 and a two-hundred day moving average of $329.38. The firm has a market cap of $41.45 billion, a P/E ratio of 43.59, a PEG ratio of 0.81 and a beta of 2.05. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36.

Celestica (NYSE:CLS) (TSE:CLS) last released 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 net margin of 6.95% and a return on equity of 36.91%. The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the business posted $1.20 earnings per share. The company’s revenue for the quarter was up 52.8% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Analysts predict that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the transaction, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction dated Tuesday, May 19th. The shares were 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 directly owned 24,718 shares in the company, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 161,168 shares of company stock valued at $63,190,485. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Large investors have recently made changes to their positions in the company. TrueWealth Advisors LLC increased its position in Celestica by 1.5% during the 2nd quarter. TrueWealth Advisors LLC now owns 3,194 shares of the technology company’s stock worth $1,165,000 after buying an additional 47 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Celestica in the second quarter valued at about $818,000. PensionDanmark Pensionsforsikringsaktieselskab grew its stake in shares of Celestica by 24.1% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 10,326 shares of the technology company’s stock valued at $3,765,000 after acquiring an additional 2,006 shares in the last quarter. JGP Wealth Management LLC bought a new position in Celestica during the second quarter worth about $214,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Celestica in the 2nd quarter worth about $292,000. 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.