Celestica (NYSE:CLS) Shares Climb 3.2% – Still a Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price rose 3.2% during mid-day trading on Thursday. The company traded as high as $379.00 and last traded at $373.2640. Approximately 2,936,477 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 2,429,618 shares. The stock had previously closed at $361.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Stifel Nicolaus set a $500.00 price target on Celestica in a research note on Tuesday, July 28th. FBN Securities initiated coverage on Celestica in a report on Tuesday, September 15th. They set an “outperform” rating and a $375.00 price target for the company. Barclays lowered their price target on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Finally, Wolfe Research raised their price objective on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. According to MarketBeat, Celestica currently has a consensus rating of “Buy” and a consensus price target of $447.19.

Celestica Price Performance

The company has a 50-day moving average of $326.00 and a 200-day moving average of $341.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The stock has a market cap of $42.00 billion, a price-to-earnings ratio of 37.97 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The company had revenue of $4.68 billion during 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 firm’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same period last year, the firm earned $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, equities research analysts predict that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insider Buying and Selling

In related news, President Todd Cooper sold 20,118 shares of Celestica stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the transaction, the president directly owned 73,252 shares in the company, valued at $26,370,720. This trade represents a 21.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the completion of the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 243,067 shares of company stock valued at $89,200,967 over the last three months. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Andra AP fonden increased its position in Celestica by 36.4% during the 2nd quarter. Andra AP fonden now owns 30,700 shares of the technology company’s stock worth $11,199,000 after purchasing an additional 8,200 shares during the period. Junto Capital Management LP purchased a new stake in shares of Celestica in the second quarter valued at approximately $43,461,000. Sequoia Financial Advisors LLC boosted its stake in shares of Celestica by 0.9% in the second quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock valued at $1,592,000 after buying an additional 40 shares in the last quarter. Tidal Investments LLC grew its holdings in Celestica by 198.2% during the second quarter. Tidal Investments LLC now owns 106,509 shares of the technology company’s stock worth $38,854,000 after acquiring an additional 70,794 shares during the period. Finally, IPG Investment Advisors LLC raised its position in Celestica by 449.7% in the second quarter. IPG Investment Advisors LLC now owns 5,360 shares of the technology company’s stock worth $1,954,000 after acquiring an additional 4,385 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

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.