Celestica (NYSE:CLS) Shares Gap Down – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares gapped down prior to trading on Thursday . The stock had previously closed at $309.76, but opened at $300.92. Celestica shares last traded at $287.4090, with a volume of 2,813,884 shares.

More Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: TD Securities set a $305 price target, reinforcing buy-side confidence in Celestica’s near-term valuation and growth outlook. Read More.
• Positive Sentiment: Brokerages’ consensus remains constructive — Celestica was given an average “Moderate Buy” rating by analysts, supporting upside expectations. Read More.
• Positive Sentiment: Aletheia Capital published a bullish forecast calling for strong price appreciation, adding to positive sentiment from independent investors. Read More.
• Positive Sentiment: Earnings previews and analyst notes expect Celestica to “double beat” on Q4 results, supported by growth in the CCS (cloud & data-center) segment driven by AI/data-center demand and new switch programs. These expectations are a key driver of the stock’s strength. Read More.
• Neutral Sentiment: Multiple media pieces and analyst summaries (Globe and Mail, MSN) provide mixed analyst commentary and broader sector context but add no single decisive catalyst. Read More. Read More.
• Neutral Sentiment: Investor guidance pieces (e.g., “Should you sell your Celestica stock?”) discuss valuation and risk/ reward but do not introduce new fundamentals. Read More.
• Negative Sentiment: A report that Alphabet is exploring additional TPU suppliers triggered an early sell-off in CLS (shares fell on the news), creating short-term pressure despite the interpretation that it signals rising TPU demand overall. Read More.
• Negative Sentiment: Zacks highlighted a decline in ATS revenues and recent stock weakness (intraday slide), flagging risk from softer end markets and inventory pressure that could weigh on Q4 results if not offset by CCS strength. Read More.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays raised their price objective on shares of Celestica from $357.00 to $359.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $385.00 price target (up previously from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. JPMorgan Chase & Co. increased their price objective on Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a research report on Wednesday. Finally, Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $340.75.

Celestica Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. The firm has a market capitalization of $34.93 billion, a price-to-earnings ratio of 49.30 and a beta of 1.87. The stock has a 50 day moving average price of $309.47 and a two-hundred day moving average price of $261.24.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.13. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.Celestica’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. As a group, analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.

Insiders Place Their Bets

In other Celestica news, Director Laurette T. Koellner bought 6,000 shares of Celestica stock in a transaction on Thursday, October 30th. The shares were bought at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the acquisition, the director directly owned 6,000 shares in the company, valued at $2,050,020. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Celestica

Institutional investors have recently modified their holdings of the company. Pinney & Scofield Inc. boosted its position in shares of Celestica by 20.0% in the 3rd quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after purchasing an additional 30 shares during the period. LeConte Wealth Management LLC lifted its position in Celestica by 3.5% during the 4th quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock worth $296,000 after acquiring an additional 34 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Celestica by 42.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after purchasing an additional 37 shares during the last quarter. World Equity Group Inc. increased its holdings in shares of Celestica by 1.7% in the third quarter. World Equity Group Inc. now owns 2,263 shares of the technology company’s stock valued at $558,000 after purchasing an additional 38 shares during the period. Finally, Terra Nova Asset Management LLC raised its stake in shares of Celestica by 2.3% during the fourth quarter. Terra Nova Asset Management LLC now owns 1,686 shares of the technology company’s stock worth $498,000 after purchasing an additional 38 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

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.