Celestica (NYSE:CLS) Stock Price Down 1.7% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price dropped 1.7% during mid-day trading on Thursday . The company traded as low as $353.82 and last traded at $354.6320. 1,250,579 shares were traded during trading, a decline of 47% from the average daily volume of 2,355,886 shares. The stock had previously closed at $360.74.

Analyst Ratings Changes

Several research firms recently commented on CLS. The Goldman Sachs Group reiterated a “buy” rating and issued a $475.00 price objective on shares of Celestica in a report on Tuesday, April 28th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $480.00 target price on shares of Celestica in a research note on Wednesday, April 29th. Rothschild & Co Redburn initiated coverage on shares of Celestica in a report on Friday, May 1st. They set a “buy” rating and a $460.00 price target on the stock. TD raised their price target on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. Finally, TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and lifted their price target for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $427.42.

Celestica Price Performance

The stock has a market capitalization of $40.77 billion, a P/E ratio of 42.88, a PEG ratio of 0.80 and a beta of 2.05. 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 fifty day moving average price of $374.89 and a two-hundred day moving average price of $330.02.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. Celestica’s revenue was up 52.8% compared to the same quarter last year. 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, analysts expect that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the sale, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. The trade was a 17.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the sale, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 161,168 shares of company stock valued at $63,190,485. Insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLS. Arista Wealth Management LLC raised its position in Celestica by 31.1% in the second quarter. Arista Wealth Management LLC now owns 4,714 shares of the technology company’s stock worth $1,720,000 after acquiring an additional 1,117 shares during the period. Tactive Advisors LLC bought a new stake in shares of Celestica during the 2nd quarter valued at $509,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of Celestica by 47.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,874 shares of the technology company’s stock worth $1,413,000 after purchasing an additional 1,248 shares in the last quarter. Sunburst Financial Group LLC increased its stake in shares of Celestica by 13.7% in the 2nd quarter. Sunburst Financial Group LLC now owns 830 shares of the technology company’s stock worth $303,000 after purchasing an additional 100 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in Celestica by 31.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 6,500 shares of the technology company’s stock worth $2,371,000 after purchasing an additional 1,557 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

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.