Celestica (NYSE:CLS) Stock Price Down 3.8% – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price dropped 3.8% during trading on Wednesday . The company traded as low as $354.06 and last traded at $356.7660. Approximately 2,042,212 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 2,437,787 shares. The stock had previously closed at $370.84.

Analysts Set New Price Targets

CLS has been the subject of a number of research reports. Wolfe Research upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Zacks Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. UBS Group lifted their price target on Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Barclays lifted their target price on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $480.00 target price on shares of Celestica in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Stock Performance

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 has a 50 day simple moving average of $345.30 and a 200 day simple moving average of $317.19. The company has a market capitalization of $41.02 billion, a price-to-earnings ratio of 43.14, a P/E/G ratio of 0.85 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. Celestica’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, analysts anticipate that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of Celestica 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 sale, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Hedge funds have recently made changes to their positions in the business. Allianz Asset Management GmbH raised its holdings in shares of Celestica by 7.3% during the third quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock valued at $83,044,000 after buying an additional 22,863 shares during the last quarter. Spark Investment Management LLC raised its holdings in Celestica by 17.4% during the third quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock worth $6,643,000 after purchasing an additional 4,000 shares in the last quarter. Spire Wealth Management raised its holdings in Celestica by 354.3% during the fourth quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after purchasing an additional 4,663 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Celestica during the third quarter worth approximately $28,924,000. Finally, Plato Investment Management Ltd raised its holdings in Celestica by 154.5% during the third quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock worth $3,676,000 after purchasing an additional 9,135 shares in the last quarter. Institutional investors 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.