Celestica (NYSE:CLS) Stock Price Down 2.3% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) was down 2.3% during mid-day trading on Monday. The stock traded as low as $349.52 and last traded at $357.1070. 2,406,162 shares were traded during trading, a decline of 1% from the average session volume of 2,428,769 shares. The stock had previously closed at $365.44.

Analyst Ratings Changes

Several equities research analysts have weighed in on CLS shares. UBS Group raised shares of Celestica from a “neutral” rating to a “buy” rating and lifted their price target for the company from $410.00 to $430.00 in a research note on Monday, August 24th. Weiss Ratings cut shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. raised their target price on Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. FBN Securities began coverage on Celestica in a research report on Tuesday, September 15th. They issued an “outperform” rating and a $375.00 target price for the company. Finally, Stifel Nicolaus set a $500.00 target price on Celestica in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to data from MarketBeat.com, Celestica has a consensus rating of “Buy” and a consensus target price of $447.19.

Celestica Trading Down 2.3%

The firm’s 50-day moving average is $326.00 and its 200-day moving average is $342.39. 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 firm has a market cap of $41.06 billion, a price-to-earnings ratio of 37.12 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the business posted $1.39 EPS. Celestica’s quarterly revenue was up 62.4% on a year-over-year basis. 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, sell-side analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insider Activity

In other news, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. The SEC filing for this sale provides additional information. Insiders sold 243,067 shares of company stock worth $89,200,967 over the last three months. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Celestica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Washington Trust Advisors Inc. purchased a new stake in shares of Celestica in the second quarter worth approximately $28,000. Ascentis Independent Advisors purchased a new position in shares of Celestica during the first quarter valued at approximately $29,000. Sittner & Nelson LLC purchased a new position in shares of Celestica during the fourth quarter valued at approximately $31,000. Harbor Investment Advisory LLC bought a new stake in Celestica during the second quarter worth $58,000. Finally, Hilton Head Capital Partners LLC bought a new stake in Celestica during the fourth quarter worth $59,000. 67.38% of the stock is owned by institutional investors.

About Celestica

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.