Celestica (NYSE:CLS) Stock Jumps 3.4% – Still a Buy?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) rose 3.4% during mid-day trading on Thursday. The stock traded as high as $377.65 and last traded at $373.5650. 2,804,641 shares were traded during trading, an increase of 16% from the average daily volume of 2,425,590 shares. The stock had previously closed at $361.43.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of research reports. UBS Group upgraded Celestica from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $410.00 to $430.00 in a report on Monday, August 24th. Bank of America restated a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Barclays reduced their price target on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Finally, BWS Financial restated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Twenty-three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $450.50.

Celestica Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The business has a 50 day moving average price of $328.04 and a two-hundred day moving average price of $344.40. The company has a market cap of $42.95 billion, a P/E ratio of 38.83 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last posted 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. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company earned $1.39 EPS. Celestica’s revenue for the quarter 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. On average, sell-side analysts anticipate that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insider Activity at Celestica

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the 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 completion of the sale, the chief financial officer owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This represents a 19.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert Mionis sold 23,396 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total transaction of $8,521,291.12. The SEC filing for this sale provides additional information. Insiders sold 243,067 shares of company stock worth $89,200,967 in the last three months. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CLS. Andra AP fonden grew its position in shares of Celestica by 36.4% in the 2nd quarter. Andra AP fonden now owns 30,700 shares of the technology company’s stock worth $11,199,000 after buying an additional 8,200 shares during the last quarter. Junto Capital Management LP bought a new position in shares of Celestica during the second quarter valued at approximately $43,461,000. Sequoia Financial Advisors LLC lifted its stake in Celestica by 0.9% in the second quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock worth $1,592,000 after acquiring an additional 40 shares during the period. Tidal Investments LLC boosted its holdings in Celestica by 198.2% in the second quarter. Tidal Investments LLC now owns 106,509 shares of the technology company’s stock valued at $38,854,000 after acquiring an additional 70,794 shares in the last quarter. Finally, IPG Investment Advisors LLC boosted its holdings in Celestica by 449.7% in the second quarter. IPG Investment Advisors LLC now owns 5,360 shares of the technology company’s stock valued at $1,954,000 after acquiring an additional 4,385 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.