Celestica (NYSE:CLS) Shares Up 3.7% – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded up 3.7% during mid-day trading on Monday . The company traded as high as $389.90 and last traded at $385.5520. 2,230,053 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 2,481,159 shares. The stock had previously closed at $371.71.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Rothschild & Co Redburn began coverage on Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 price objective for the company. Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. raised their price objective on shares of Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Barclays upped their target price on shares of Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, BMO Capital Markets boosted their price target on shares of Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Trading Up 3.7%

The company has a 50-day moving average price of $364.82 and a 200-day moving average price of $321.84. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The firm has a market capitalization of $44.33 billion, a price-to-earnings ratio of 46.62, a PEG ratio of 0.86 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.08. The business had revenue of $3.96 billion during 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 company’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, research analysts forecast that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insider Activity

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 24,718 shares of the company’s stock, 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 SEC, which can be accessed through this hyperlink. 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 Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Celestica by 5,806,149.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after purchasing an additional 3,657,874 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Celestica by 471.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after buying an additional 2,596,318 shares during the period. Viking Global Investors LP purchased a new position in Celestica during the 3rd quarter worth $424,459,000. Norges Bank purchased a new position in Celestica during the 4th quarter worth $456,511,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Celestica in the 4th quarter worth $315,497,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

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.