Celestica (NYSE:CLS) Shares Down 1.7% – Time to Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price was down 1.7% during trading on Thursday . The stock traded as low as $353.82 and last traded at $354.6320. Approximately 1,250,579 shares traded hands during trading, a decline of 47% from the average daily volume of 2,355,886 shares. The stock had previously closed at $360.74.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CLS shares. Stifel Nicolaus set a $445.00 target price on Celestica in a report on Tuesday, April 28th. Susquehanna raised their price target on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. TD lifted their price target on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Citigroup increased their price objective on shares of Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $475.00 target price on shares of Celestica in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $427.42.

Celestica Price Performance

The company has a market cap of $41.45 billion, a price-to-earnings ratio of 43.59, a P/E/G ratio of 0.83 and a beta of 2.05. The company’s 50-day simple moving average is $374.44 and its 200-day simple moving average is $330.66. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results 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 business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the company posted $1.20 earnings per share. The business’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. On average, equities research analysts anticipate that Celestica, Inc. will post 9.5 EPS for the current year.

Insider Buying and Selling at Celestica

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was 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 of the company’s stock, valued at $8,238,756.58. This represents a 14.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 18,176 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the transaction, the chief executive officer owned 60,384 shares of the company’s stock, valued at approximately $23,258,105.28. This trade represents a 23.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 corporate insiders.

Institutional Investors Weigh In On Celestica

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bay Rivers Group grew its stake in Celestica by 0.3% in the second quarter. Bay Rivers Group now owns 14,922 shares of the technology company’s stock worth $5,444,000 after purchasing an additional 47 shares in the last quarter. Arista Wealth Management LLC raised its stake in Celestica by 31.1% during the second quarter. Arista Wealth Management LLC now owns 4,714 shares of the technology company’s stock valued at $1,720,000 after buying an additional 1,117 shares in the last quarter. Tactive Advisors LLC bought a new position in Celestica during the 2nd quarter worth approximately $509,000. Hennion & Walsh Asset Management Inc. lifted its holdings in Celestica by 47.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,874 shares of the technology company’s stock worth $1,413,000 after buying an additional 1,248 shares during the last quarter. Finally, Sunburst Financial Group LLC grew its position in shares of Celestica by 13.7% in the 2nd quarter. Sunburst Financial Group LLC now owns 830 shares of the technology company’s stock worth $303,000 after acquiring an additional 100 shares in the last quarter. 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.