Celestica (NYSE:CLS) Stock Price Up 2.1% – Still a Buy?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) were up 2.1% during trading on Wednesday . The company traded as high as $329.96 and last traded at $323.4670. Approximately 1,691,627 shares changed hands during trading, a decline of 30% from the average daily volume of 2,433,096 shares. The stock had previously closed at $316.81.

Analyst Upgrades and Downgrades

CLS has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Barclays cut their target price on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Wolfe Research boosted their price objective on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, TD set a $430.00 price objective on Celestica and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $440.50.

Celestica Price Performance

The company has a market cap of $37.19 billion, a price-to-earnings ratio of 33.62 and a beta of 2.04. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $324.30 and a 200 day moving average price of $337.78.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company’s quarterly revenue was up 62.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, research analysts expect that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value of $5,952,330.44. Following the transaction, the chief financial officer owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The SEC filing for this sale provides additional information. Insiders sold a total of 199,553 shares of company stock valued at $73,437,196 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Celestica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. purchased a new position in Celestica during the 2nd quarter worth approximately $28,000. Ascentis Independent Advisors purchased a new stake in shares of Celestica in the first quarter valued at $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica in the fourth quarter valued at $30,000. Sittner & Nelson LLC acquired a new stake in shares of Celestica in the fourth quarter worth $31,000. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Celestica in the second quarter worth $58,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.