Celestica (NYSE:CLS) Shares Down 5.2% – Should You Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price was down 5.2% during mid-day trading on Tuesday . The company traded as low as $381.36 and last traded at $382.40. Approximately 1,265,819 shares were traded during trading, a decline of 48% from the average daily volume of 2,431,749 shares. The stock had previously closed at $403.45.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CLS shares. JPMorgan Chase & Co. upped their price target on Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. UBS Group upped their price target on Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Royal Bank Of Canada upped their price target on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target on the stock in a report on Wednesday, April 29th. Finally, Barclays upped their price target on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $427.42.

Celestica Stock Performance

The business has a fifty day simple moving average of $377.35 and a two-hundred day simple moving average of $325.20. 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 company has a market cap of $43.96 billion, a P/E ratio of 46.24, a P/E/G ratio of 0.91 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its 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 company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. Celestica’s 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, sell-side analysts anticipate that Celestica, Inc. will post 9.5 EPS 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 owned 24,718 shares of the company’s stock, valued at $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CLS. NewGen Equity Long Short Fund bought a new position in shares of Celestica in the second quarter worth about $14,050,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Celestica by 7,646.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock worth $157,000 after purchasing an additional 994 shares during the period. First Trust Advisors LP boosted its position in shares of Celestica by 30.0% in the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock worth $12,197,000 after purchasing an additional 18,025 shares during the period. NewEdge Advisors LLC boosted its position in shares of Celestica by 385.8% in the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock worth $438,000 after purchasing an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC boosted its position in shares of Celestica by 11.0% in the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock worth $497,000 after purchasing an additional 315 shares during the period. 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.