Celestica (NYSE:CLS) Stock Price Down 9.4% – Should You Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price traded down 9.4% during trading on Thursday . The company traded as low as $300.80 and last traded at $303.2750. 2,901,360 shares traded hands during trading, an increase of 24% from the average daily volume of 2,334,556 shares. The stock had previously closed at $334.77.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Royal Bank Of Canada increased their price objective on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings raised Celestica from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Bank of America upped their price target on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Rothschild & Co Redburn began coverage on Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 price target for the company. Finally, BMO Capital Markets raised their price objective on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica currently has a consensus rating of “Buy” and a consensus target price of $427.42.

Celestica Stock Down 9.4%

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 firm has a market cap of $34.87 billion, a P/E ratio of 36.67, a PEG ratio of 0.80 and a beta of 2.05. The stock’s 50-day simple moving average is $370.09 and its 200 day simple moving average is $331.55.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period last year, the business posted $1.20 EPS. The business’s revenue was up 52.8% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, research analysts forecast that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares of the company’s stock, valued at $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 18,176 shares of Celestica stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $385.17, for a total value of $7,000,849.92. Following the completion of the sale, the chief executive officer owned 60,384 shares of the company’s stock, valued at approximately $23,258,105.28. The trade was a 23.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 161,168 shares of company stock valued at $63,190,485 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Several hedge funds have recently modified their holdings of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Celestica in the fourth quarter worth $28,000. Swiss RE Ltd. bought a new position in shares of Celestica during the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new position in shares of Celestica during the 4th quarter worth about $30,000. Sittner & Nelson LLC acquired a new stake in shares of Celestica in the 4th quarter valued at about $31,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Celestica in the 1st quarter valued at about $29,000. Institutional investors 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.