Celestica (NYSE:CLS) Trading Up 4.2% – Should You Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price traded up 4.2% during trading on Tuesday . The stock traded as high as $307.34 and last traded at $306.8930. 1,672,001 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 2,456,164 shares. The stock had previously closed at $294.57.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CLS shares. Wolfe Research boosted their target price on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Canadian Imperial Bank of Commerce increased their target price on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. BWS Financial reaffirmed a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Susquehanna raised their price objective on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada set a $450.00 price objective on Celestica and gave the stock an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $439.81.

Celestica Stock Performance

The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average is $336.01 and its 200-day moving average is $335.80. The stock has a market capitalization of $36.71 billion, a PE ratio of 33.30 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. The firm’s revenue was up 62.4% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, research analysts anticipate that Celestica, Inc. will post 10.15 earnings per share for the current year.

Insiders Place Their Bets

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the completion of the transaction, the chief financial officer owned 65,444 shares in the company, valued at $24,169,778.08. The trade was a 19.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert Mionis sold 23,496 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the transaction, the chief executive officer directly owned 23,396 shares in the company, valued at $8,478,476.44. This trade represents a 50.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 356,553 shares of company stock worth $135,238,444 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amundi raised its stake in Celestica by 49.5% during the 2nd quarter. Amundi now owns 319,304 shares of the technology company’s stock worth $116,501,000 after acquiring an additional 105,752 shares in the last quarter. HighTower Advisors LLC grew its position in Celestica by 10.7% in the 2nd quarter. HighTower Advisors LLC now owns 18,138 shares of the technology company’s stock valued at $6,616,000 after buying an additional 1,747 shares during the last quarter. Washington Trust Advisors Inc. purchased a new stake in shares of Celestica in the second quarter valued at about $28,000. Readystate Asset Management LP purchased a new position in shares of Celestica during the 2nd quarter worth approximately $1,996,000. Finally, HB Wealth Management LLC lifted its holdings in Celestica by 77.9% in the second quarter. HB Wealth Management LLC now owns 1,411 shares of the technology company’s stock valued at $515,000 after acquiring an additional 618 shares during the period. Institutional investors and hedge funds 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.