Celestica (NYSE:CLS) Shares Up 2.5% – Here’s Why

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price shot up 2.5% during mid-day trading on Monday . The stock traded as high as $414.13 and last traded at $402.8180. 1,505,876 shares were traded during mid-day trading, a decline of 38% from the average session volume of 2,442,762 shares. The stock had previously closed at $393.12.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CLS. Zacks Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Susquehanna upped their price objective on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. TD Cowen upgraded Celestica from a “hold” rating to a “buy” rating and upped their price objective for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. The Goldman Sachs Group restated a “buy” rating and issued a $475.00 price objective on shares of Celestica in a research report on Tuesday, April 28th. Finally, Royal Bank Of Canada upped their price objective on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Trading Up 2.5%

The business has a 50 day simple moving average of $375.19 and a 200-day simple moving average of $324.67. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $46.31 billion, a price-to-earnings ratio of 48.71, a price-to-earnings-growth ratio of 0.91 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the company earned $1.20 EPS. The firm’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. On average, equities analysts predict that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Activity at Celestica

In other 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 value of $1,389,236.08. Following the transaction, the director directly owned 24,718 shares in the company, valued at $8,238,756.58. This trade represents a 14.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Celestica

A number of large investors have recently modified their holdings of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Celestica in the 4th quarter worth about $28,000. Ascentis Independent Advisors purchased a new position in shares of Celestica in the 1st quarter worth about $29,000. Swiss RE Ltd. purchased a new position in shares of Celestica in the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Celestica in the 4th quarter worth about $30,000. Finally, Sittner & Nelson LLC purchased a new position in shares of Celestica in the 4th quarter worth about $31,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

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.