Celestica (NYSE:CLS) Trading 1.6% Higher – Still a Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price traded up 1.6% on Monday . The company traded as high as $344.36 and last traded at $342.9750. 1,770,782 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 2,400,922 shares. The stock had previously closed at $337.53.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CLS. Bank of America boosted their price target on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, April 20th. The Goldman Sachs Group restated a “buy” rating and set a $475.00 target price on shares of Celestica in a report on Tuesday, April 28th. JPMorgan Chase & Co. raised their target price on Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Citigroup increased their price target on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Stifel Nicolaus set a $445.00 target price on shares of Celestica in a research note on Tuesday, April 28th. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Trading Up 1.6%

The stock has a market cap of $39.43 billion, a price-to-earnings ratio of 41.47, a P/E/G ratio of 0.79 and a beta of 2.02. The business’s 50 day moving average is $383.05 and its 200 day moving average is $327.81. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73.

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

Insider Buying and Selling at Celestica

In related news, CEO Robert Mionis sold 18,176 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total transaction of $7,000,849.92. Following the completion of the sale, the chief executive officer owned 60,384 shares in the company, valued at $23,258,105.28. This represents a 23.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 161,168 shares of company stock worth $63,190,485. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Celestica

Hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Celestica during the 4th quarter valued at approximately $28,000. Ascentis Independent Advisors acquired a new position in shares of Celestica in the first quarter valued at approximately $29,000. Swiss RE Ltd. acquired a new position in shares of Celestica in the fourth quarter valued at approximately $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica during the fourth quarter worth approximately $30,000. Finally, Sittner & Nelson LLC acquired a new stake in shares of Celestica during the fourth quarter worth $31,000. Institutional investors and hedge funds 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.