Celestica (NYSE:CLS) Shares Up 10.8% – Here’s Why

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) rose 10.8% on Tuesday . The stock traded as high as $342.13 and last traded at $340.42. Approximately 2,866,105 shares changed hands during mid-day trading, an increase of 23% from the average session volume of 2,329,634 shares. The stock had previously closed at $307.34.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CLS shares. Susquehanna raised their price target on shares of Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Weiss Ratings downgraded shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. raised their target price on shares of Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Stifel Nicolaus set a $445.00 target price on shares of Celestica in a research note on Tuesday, April 28th. Finally, TD increased their price target on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $427.42.

Celestica Price Performance

The company has a market capitalization of $39.52 billion, a PE ratio of 41.61, a PEG ratio of 0.78 and a beta of 2.05. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average price is $364.08 and its 200-day moving average price is $332.18.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.08. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business’s quarterly revenue was up 52.8% on a year-over-year basis. During the same period last year, the company posted $1.20 EPS. 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, sell-side analysts forecast that Celestica, Inc. will post 9.57 earnings per share for the current fiscal year.

Insider Activity at Celestica

In other Celestica news, CEO Robert Mionis sold 66,056 shares of Celestica stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $400.06, for a total transaction of $26,426,363.36. Following the transaction, the chief executive officer directly owned 134,328 shares of the company’s stock, valued at $53,739,259.68. The trade was a 32.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction 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 directly owned 24,718 shares of the company’s stock, valued at $8,238,756.58. The trade was a 14.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 161,168 shares of company stock worth $63,190,485. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its position in Celestica by 5,806,149.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after acquiring an additional 3,657,874 shares in the last quarter. Viking Global Investors LP acquired a new stake in Celestica in the third quarter valued at approximately $424,459,000. Norges Bank acquired a new stake in Celestica in the fourth quarter valued at approximately $456,511,000. AQR Capital Management LLC purchased a new stake in shares of Celestica during the fourth quarter valued at approximately $315,497,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Celestica by 24.8% during the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after purchasing an additional 798,782 shares in the last quarter. 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.