Celestica (NYSE:CLS) Stock Price Down 3% – Should You Sell?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 3% on Wednesday . The company traded as low as $322.50 and last traded at $334.6170. 1,838,496 shares were traded during mid-day trading, a decline of 21% from the average session volume of 2,330,087 shares. The stock had previously closed at $345.03.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Rothschild & Co Redburn initiated coverage on Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 price objective on the stock. TD lifted their target price on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research report on Monday, April 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $475.00 price target on shares of Celestica in a research note on Tuesday, April 28th. Stifel Nicolaus set a $445.00 price target on Celestica in a report on Tuesday, April 28th. Finally, BMO Capital Markets raised their price objective on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. 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, the stock presently has an average rating of “Buy” and a consensus target price of $427.42.

Celestica Stock Performance

The stock has a 50-day moving average price of $368.45 and a 200 day moving average price of $331.55. 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 firm has a market capitalization of $33.74 billion, a price-to-earnings ratio of 35.35, a P/E/G ratio of 0.78 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating 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 analyst estimates of $3.97 billion. During the same period last year, the business earned $1.20 EPS. The company’s 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. On average, analysts forecast that Celestica, Inc. will post 9.5 EPS for the current year.

Insider Buying and Selling

In related news, Director Michael Max Wilson sold 4,168 shares of the business’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 transaction of $1,389,236.08. Following the completion of the sale, the director 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 document filed with the Securities & Exchange Commission, which is available through 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 transaction of $7,000,849.92. Following the completion of the transaction, the chief executive officer owned 60,384 shares in the company, valued at $23,258,105.28. This represents a 23.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 161,168 shares of company stock worth $63,190,485 over the last 90 days. 1.10% of the stock is owned by insiders.

Institutional Trading of Celestica

A number of large investors have recently bought and sold shares of CLS. Vanguard Group Inc. grew its stake in shares of Celestica by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock valued at $1,423,333,000 after purchasing an additional 73,022 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Celestica by 24.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after purchasing an additional 798,782 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Celestica by 5,806,149.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after purchasing an additional 3,657,874 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Celestica by 18.6% in the 4th quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock valued at $673,471,000 after purchasing an additional 356,797 shares in the last quarter. Finally, Cibc World Market Inc. increased its position in Celestica by 30.6% during the 4th quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock worth $670,279,000 after purchasing an additional 530,535 shares during the period. Institutional investors and hedge funds 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.