Celestica (NYSE:CLS) Stock Falls 2.3% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares traded down 2.3% during mid-day trading on Monday. The company traded as low as $349.52 and last traded at $357.1070. 2,406,162 shares were traded during mid-day trading, a decline of 1% from the average session volume of 2,428,769 shares. The stock had previously closed at $365.44.

Analyst Upgrades and Downgrades

Several research firms have commented on CLS. Scotiabank began coverage on Celestica in a research report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price for the company. Barclays reduced their price target on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. FBN Securities began coverage on Celestica in a research note on Tuesday, September 15th. They issued an “outperform” rating and a $375.00 price objective for the company. TD Cowen reiterated a “buy” rating on shares of Celestica in a report on Wednesday, September 16th. Finally, BWS Financial reiterated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $447.19.

Celestica Price Performance

The firm has a market capitalization of $41.06 billion, a P/E ratio of 37.12 and a beta of 2.04. The company has a fifty day moving average of $326.00 and a 200 day moving average of $342.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company’s revenue was up 62.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Sell-side analysts predict that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction 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 sale, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. This trade represents a 19.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 243,067 shares of company stock valued at $89,200,967 over the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Washington Trust Advisors Inc. bought a new stake in Celestica in the second quarter worth approximately $28,000. Ascentis Independent Advisors bought a new position in shares of Celestica during the 1st quarter worth approximately $29,000. Sittner & Nelson LLC bought a new position in shares of Celestica during the 4th quarter worth approximately $31,000. Harbor Investment Advisory LLC acquired a new stake in shares of Celestica during the 2nd quarter worth approximately $58,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Celestica during the 4th quarter worth approximately $59,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.