Celestica (NYSE:CLS) Stock Price Down 4.1% – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price traded down 4.1% on Monday . The stock traded as low as $339.14 and last traded at $345.1930. Approximately 1,219,545 shares traded hands during trading, a decline of 48% from the average daily volume of 2,341,128 shares. The stock had previously closed at $359.85.

Analysts Set New Price Targets

A number of research firms have recently commented on CLS. The Goldman Sachs Group restated a “buy” rating and issued a $475.00 price target on shares of Celestica in a report on Tuesday, April 28th. Royal Bank Of Canada boosted their price objective on shares of Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Barclays upped their target price on shares of Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a research report on Wednesday, April 29th. Finally, Weiss Ratings raised shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $427.42.

Celestica Trading Down 4.1%

The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $374.44 and its two-hundred day moving average is $330.83. The company has a market capitalization of $39.69 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 0.84 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The company’s quarterly revenue 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. As a group, sell-side analysts predict that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert Mionis sold 66,056 shares of the business’s 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 transaction, the chief executive officer owned 134,328 shares of the company’s stock, valued at $53,739,259.68. The trade was a 32.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 161,168 shares of company stock valued at $63,190,485 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Celestica during the fourth quarter valued at about $28,000. Ascentis Independent Advisors purchased a new position in shares of Celestica in the 1st quarter worth approximately $29,000. Swiss RE Ltd. bought a new position in shares of Celestica during the 4th quarter worth approximately $29,000. Cullen Frost Bankers Inc. purchased a new stake in Celestica during the fourth quarter valued at approximately $30,000. Finally, Sittner & Nelson LLC acquired a new stake in Celestica in the fourth quarter valued at approximately $31,000. Hedge funds and other 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.