Celestica (NYSE:CLS) Stock Price Down 6.5% – What’s Next?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 6.5% during trading on Friday . The stock traded as low as $336.54 and last traded at $338.0620. 1,421,439 shares traded hands during trading, a decline of 41% from the average session volume of 2,405,965 shares. The stock had previously closed at $361.40.

Analyst Upgrades and Downgrades

CLS has been the subject of a number of research analyst reports. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and increased their target price for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. Barclays increased their price objective on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their target price on Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. TD raised their price target on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, April 20th. Finally, Royal Bank Of Canada boosted their price target on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $427.42.

Celestica Price Performance

The company’s 50-day simple moving average is $383.91 and its 200 day simple moving average is $327.83. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $38.87 billion, a price-to-earnings ratio of 40.88, a P/E/G ratio of 0.84 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.08. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm’s revenue was up 52.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.20 EPS. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Equities research analysts forecast that Celestica, Inc. will post 9.51 EPS for the current year.

Insider Buying and Selling at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares in the company, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert Mionis sold 66,056 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $400.06, for a total transaction of $26,426,363.36. Following the transaction, the chief executive officer directly owned 134,328 shares of the company’s stock, valued at approximately $53,739,259.68. This represents a 32.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 161,168 shares of company stock worth $63,190,485 over the last 90 days. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Several large investors have recently made changes to their positions in CLS. Legacy Wealth Managment LLC ID grew its holdings in Celestica by 14.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after buying an additional 28 shares during the last quarter. Pinney & Scofield Inc. boosted its position in shares of Celestica by 20.0% in the third quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after acquiring an additional 30 shares during the period. Capital Planning LLC grew its stake 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 last quarter. LeConte Wealth Management LLC increased its position in Celestica by 3.5% during the fourth quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock worth $296,000 after acquiring an additional 34 shares during the period. Finally, PCB Capital LLC raised its stake in Celestica by 3.5% during the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Company Profile

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.