Celestica (NYSE:CLS) Shares Down 3.2% – Should You Sell?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 3.2% during trading on Wednesday . The stock traded as low as $441.49 and last traded at $457.0730. 2,212,945 shares traded hands during trading, a decline of 10% from the average session volume of 2,468,408 shares. The stock had previously closed at $472.40.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CLS shares. TD Securities upgraded Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a research note on Wednesday, April 29th. BMO Capital Markets raised their target price on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Bank of America raised their target price on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Weiss Ratings upgraded Celestica from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $480.00 target price on shares of Celestica in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Celestica presently has an average rating of “Moderate Buy” and an average price target of $427.42.

Celestica Stock Down 12.6%

The firm has a 50 day simple moving average of $363.43 and a 200-day simple moving average of $321.40. 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 market cap of $42.73 billion, a P/E ratio of 44.94, a price-to-earnings-growth ratio of 1.07 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.08. The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The business’s revenue was up 52.8% on a year-over-year basis. During the same period in the prior year, the firm earned $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, equities research analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Insider Activity at Celestica

In related news, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the transaction, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

A number of institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Celestica during the 4th quarter worth about $28,000. Swiss RE Ltd. bought a new position in shares of Celestica during the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new position in shares of Celestica during the 4th quarter worth about $30,000. Sittner & Nelson LLC bought a new position in shares of Celestica during the 4th quarter worth about $31,000. Finally, Ascentis Independent Advisors bought a new position in shares of Celestica during the 1st quarter worth about $29,000. 67.38% of the stock is owned by 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.