Celestica (NYSE:CLS) Trading Up 2.1% – Should You Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price shot up 2.1% during mid-day trading on Monday . The company traded as high as $316.90 and last traded at $307.5440. 1,574,267 shares were traded during mid-day trading, a decline of 32% from the average session volume of 2,327,484 shares. The stock had previously closed at $301.34.

Analysts Set New Price Targets

Several brokerages have recently commented on CLS. Rothschild & Co Redburn assumed coverage on shares of Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 price objective on the stock. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a research report on Wednesday, April 29th. UBS Group upped their price target on Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Citigroup raised their price target on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Susquehanna raised their price target on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $427.42.

Celestica Price Performance

The firm has a market cap of $35.36 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 0.70 and a beta of 2.05. 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 company’s 50-day moving average price is $366.97 and its 200-day moving average price is $331.54.

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, beating the consensus estimate of $2.08 by $0.08. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter last year, the firm 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, equities research analysts forecast that Celestica, Inc. will post 9.57 EPS for the current year.

Insiders Place Their Bets

In other Celestica news, CEO Robert Mionis sold 18,176 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the completion of the transaction, the chief executive officer owned 60,384 shares of the company’s stock, valued at $23,258,105.28. This trade represents a 23.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 161,168 shares of company stock worth $63,190,485 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Celestica

Hedge funds have recently modified their holdings of the stock. Spire Wealth Management boosted its stake in shares of Celestica by 354.3% in the 4th quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock valued at $1,767,000 after buying an additional 4,663 shares during the period. CIBC Asset Management Inc increased its stake in shares of Celestica by 7.7% during the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after buying an additional 31,086 shares during the period. Norges Bank purchased a new stake in shares of Celestica during the fourth quarter worth approximately $456,511,000. Marietta Investment Partners LLC acquired a new stake in Celestica in the fourth quarter valued at approximately $1,273,000. Finally, BW Gestao de Investimentos Ltda. raised its holdings in Celestica by 29.9% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock valued at $9,217,000 after acquiring an additional 7,179 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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.