Celestica (NYSE:CLS) Shares Up 3.4% – Time to Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares traded up 3.4% on Thursday. The company traded as high as $377.65 and last traded at $373.5650. Approximately 2,804,641 shares were traded during trading, an increase of 16% from the average session volume of 2,425,590 shares. The stock had previously closed at $361.43.

Analyst Ratings Changes

A number of research firms recently issued reports on CLS. Bank of America reissued a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. Barclays reduced their target price on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. 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. Sanford C. Bernstein initiated coverage on Celestica in a report on Wednesday. They issued an “outperform” rating and a $520.00 price objective for the company. Finally, Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Twenty-three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and a consensus target price of $450.50.

Celestica Stock Up 3.4%

The company’s fifty day moving average price is $328.04 and its 200-day moving average price is $344.40. The stock has a market capitalization of $42.95 billion, a PE ratio of 38.83 and a beta of 2.04. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.

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

Insider Transactions at Celestica

In related news, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were 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 in the company, valued at $24,169,778.08. The trade was a 19.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert Mionis sold 23,396 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total transaction of $8,521,291.12. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 243,067 shares of company stock valued at $89,200,967. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Washington Trust Advisors Inc. bought a new stake in shares of Celestica during the second quarter valued at approximately $28,000. Ascentis Independent Advisors purchased a new stake in Celestica during the 1st quarter valued at $29,000. Sittner & Nelson LLC purchased a new stake in Celestica during the 4th quarter valued at $31,000. Harbor Investment Advisory LLC bought a new stake in shares of Celestica in the 2nd quarter worth $58,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Celestica in the fourth quarter worth $59,000. Institutional investors 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 services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.