Celestica (NYSE:CLS) Stock Price Down 7.3% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 7.3% on Thursday . The stock traded as low as $401.08 and last traded at $424.6580. 2,860,812 shares changed hands during trading, an increase of 16% from the average session volume of 2,472,977 shares. The stock had previously closed at $458.14.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Bank of America raised their target price on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, April 20th. Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $480.00 target price on shares of Celestica in a report on Wednesday, April 29th. Barclays raised their target price on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Susquehanna raised their target price on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Stock Down 7.3%

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The business has a 50 day moving average price of $360.96 and a 200 day moving average price of $320.59. The firm has a market capitalization of $48.82 billion, a P/E ratio of 51.35, a price-to-earnings-growth ratio of 1.10 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. The business 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%.The firm’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. 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 predict that Celestica, Inc. will post 9.5 earnings per share for the current year.

Insider Activity at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the transaction, the director directly owned 24,718 shares in the company, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Celestica in the fourth quarter worth about $28,000. Swiss RE Ltd. bought a new position in shares of Celestica in the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new position in shares of Celestica in the fourth quarter worth about $30,000. Sittner & Nelson LLC bought a new position in shares of Celestica in the fourth quarter worth about $31,000. Finally, Ascentis Independent Advisors acquired a new stake in Celestica during the first quarter worth about $29,000. 67.38% of the stock is currently owned by institutional investors.

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.