Celestica (NYSE:CLS) Shares Down 4.2% – Time to Sell?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 4.2% during mid-day trading on Wednesday. The company traded as low as $367.15 and last traded at $371.94. Approximately 1,564,357 shares were traded during trading, a decline of 35% from the average session volume of 2,412,420 shares. The stock had previously closed at $388.24.

Analyst Ratings Changes

Several analysts have commented on the stock. TD Cowen reiterated a “buy” rating on shares of Celestica in a research report on Wednesday, September 16th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Bank of America reaffirmed a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. Zacks Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Barclays cut their price target on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Twenty-three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and a consensus price target of $450.50.

Celestica Stock Performance

The stock has a market cap of $42.03 billion, a P/E ratio of 38.03 and a beta of 2.01. 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 stock has a 50 day simple moving average of $333.43 and a 200 day simple moving average of $348.75.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the company earned $1.39 EPS. The business’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, equities analysts expect that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction dated Tuesday, August 4th. The stock was 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 of the company’s stock, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 243,067 shares of company stock valued at $89,200,967 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Legacy Wealth Managment LLC ID raised its holdings in Celestica by 14.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after acquiring an additional 28 shares during the period. Capital Planning LLC boosted its holdings in shares of Celestica by 3.2% in the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after acquiring an additional 32 shares during the period. PCB Capital LLC grew its position in shares of Celestica by 3.5% in the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after purchasing an additional 34 shares in the last quarter. XML Financial LLC grew its position in shares of Celestica by 1.5% in the second quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock valued at $963,000 after purchasing an additional 40 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Celestica by 0.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock worth $1,592,000 after purchasing an additional 40 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.