Celestica (NYSE:CLS) Shares Down 2.1% – Time to Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares fell 2.1% during trading on Wednesday . The company traded as low as $358.51 and last traded at $363.8930. 1,266,279 shares changed hands during trading, a decline of 49% from the average session volume of 2,469,261 shares. The stock had previously closed at $371.86.

Analyst Ratings Changes

A number of brokerages have commented on CLS. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $480.00 price objective on shares of Celestica in a research note on Wednesday, April 29th. Barclays boosted their price objective on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Bank of America boosted their price objective on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $475.00 price target on shares of Celestica in a research note on Tuesday, April 28th. Finally, TD Cowen upgraded Celestica from a “hold” rating to a “buy” rating and boosted their price target for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Stock Performance

The company has a 50 day moving average of $368.88 and a 200 day moving average of $322.85. The firm has a market cap of $41.84 billion, a price-to-earnings ratio of 44.00, a PEG ratio of 0.90 and a beta of 2.02. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the business earned $1.20 EPS. The business’s quarterly revenue was up 52.8% on a year-over-year basis. 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, equities research analysts expect that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insider Buying and Selling at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 24,718 shares in the company, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

A number of institutional investors and hedge funds have recently made changes to their positions in CLS. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Celestica by 5,806,149.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after acquiring an additional 3,657,874 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Celestica by 471.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after acquiring an additional 2,596,318 shares during the last quarter. Viking Global Investors LP acquired a new position in shares of Celestica in the 3rd quarter worth $424,459,000. Norges Bank acquired a new position in shares of Celestica in the 4th quarter worth $456,511,000. Finally, AQR Capital Management LLC acquired a new position in shares of Celestica in the 4th quarter worth $315,497,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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.