Celestica (NYSE:CLS) Stock Price Up 1.6% – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares rose 1.6% during trading on Friday. The company traded as high as $369.00 and last traded at $362.1330. 1,236,713 shares were traded during trading, a decline of 49% from the average daily volume of 2,405,331 shares. The stock had previously closed at $356.53.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CLS shares. Royal Bank Of Canada set a $450.00 price objective on Celestica and gave the company an “outperform” rating in a report on Wednesday, August 26th. Zacks Research lowered shares of Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. TD Cowen restated a “buy” rating on shares of Celestica in a report on Wednesday, September 16th. Wall Street Zen downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Finally, JPMorgan Chase & Co. lifted 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. Twenty-three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $450.50.

Celestica Trading Up 1.6%

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 stock has a 50-day simple moving average of $333.43 and a two-hundred day simple moving average of $348.75. The firm has a market capitalization of $41.64 billion, a P/E ratio of 37.64 and a beta of 2.01.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business’s revenue was up 62.4% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, equities research analysts anticipate that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insiders Place Their Bets

In other Celestica news, President Todd Cooper sold 20,118 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the transaction, the president owned 73,252 shares of the company’s stock, valued at approximately $26,370,720. This trade represents a 21.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were 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 have sold a total of 243,067 shares of company stock worth $89,200,967 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new position in shares of Celestica in the 1st quarter valued at approximately $68,952,000. K.J. Harrison & Partners Inc purchased a new position in Celestica in the 2nd quarter worth $1,092,000. Quantinno Capital Management LP raised its stake in Celestica by 73.7% in the 1st quarter. Quantinno Capital Management LP now owns 23,954 shares of the technology company’s stock worth $6,746,000 after acquiring an additional 10,164 shares during the last quarter. Ninepoint Partners LP acquired a new stake in Celestica during the 2nd quarter worth about $2,880,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in Celestica during the 3rd quarter worth about $27,821,000. 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.