Celestica (NYSE:CLS) Trading Up 11.6% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price traded up 11.6% during mid-day trading on Thursday . The stock traded as high as $314.09 and last traded at $310.12. Approximately 3,752,786 shares traded hands during mid-day trading, an increase of 54% from the average daily volume of 2,443,596 shares. The stock had previously closed at $277.77.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CLS shares. Royal Bank Of Canada set a $450.00 target price on shares of Celestica and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Bank of America reiterated a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Barclays lowered their price target on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Finally, Wall Street Zen downgraded Celestica from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Celestica has an average rating of “Buy” and an average target price of $439.81.

Celestica Trading Up 11.6%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The business’s 50 day moving average price is $328.98 and its two-hundred day moving average price is $335.73. The company has a market capitalization of $35.66 billion, a price-to-earnings ratio of 32.24 and a beta of 2.04.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share 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 analyst estimates of $4.30 billion. During the same quarter last year, the firm posted $1.39 EPS. The business’s revenue for the quarter was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Equities analysts forecast that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Activity

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the completion of the sale, the chief executive officer owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 356,553 shares of company stock worth $135,238,444. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

A number of institutional investors have recently bought and sold shares of CLS. Legacy Wealth Managment LLC ID boosted its holdings in Celestica by 14.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after purchasing an additional 28 shares in the last quarter. Capital Planning LLC grew its stake in shares of Celestica by 3.2% in the 1st quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after purchasing an additional 32 shares during the period. PCB Capital LLC boosted its stake in shares of Celestica by 3.5% in 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 in the last quarter. Avantax Planning Partners Inc. grew its stake in Celestica by 2.7% during the fourth quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock worth $452,000 after buying an additional 40 shares during the last quarter. Finally, XML Financial LLC boosted its holdings in shares of Celestica by 1.5% in the 2nd quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock worth $963,000 after acquiring an additional 40 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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.