Celestica (NYSE:CLS) Stock Price Down 3% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares fell 3% on Wednesday . The stock traded as low as $322.50 and last traded at $334.6170. Approximately 1,838,496 shares changed hands during trading, a decline of 21% from the average session volume of 2,330,087 shares. The stock had previously closed at $345.03.

Wall Street Analyst Weigh In

CLS has been the topic of several research analyst reports. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $480.00 target price on shares of Celestica in a report on Wednesday, April 29th. TD Securities upgraded Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a research report on Wednesday, April 29th. JPMorgan Chase & Co. increased their price target on Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Citigroup raised their price target on Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Celestica presently has a consensus rating of “Buy” and a consensus price target of $427.42.

Celestica Price Performance

The firm has a market capitalization of $38.47 billion, a P/E ratio of 40.46, a price-to-earnings-growth ratio of 0.80 and a beta of 2.05. 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 firm has a 50 day moving average price of $371.68 and a 200-day moving average price of $331.37.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.08. The company 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%.Celestica’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. On average, analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Transactions at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 82,444 shares in the company, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the sale, 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 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. In the last quarter, insiders sold 161,168 shares of company stock worth $63,190,485. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Celestica during the 4th quarter worth approximately $28,000. Ascentis Independent Advisors bought a new position in Celestica in the 1st quarter valued at $29,000. Swiss RE Ltd. bought a new position in Celestica in the 4th quarter valued at $29,000. Cullen Frost Bankers Inc. bought a new position in Celestica in the 4th quarter valued at $30,000. Finally, Sittner & Nelson LLC purchased a new stake in Celestica in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

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.