Celestica (NYSE:CLS) Shares Up 6.3% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shot up 6.3% during mid-day trading on Friday . The company traded as high as $353.00 and last traded at $345.7950. 2,547,364 shares were traded during mid-day trading, an increase of 4% from the average daily volume of 2,440,784 shares. The stock had previously closed at $325.22.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. UBS Group raised Celestica from a “neutral” rating to a “buy” rating and lifted their target price for the company from $410.00 to $430.00 in a research report on Monday, August 24th. Stifel Nicolaus set a $500.00 price target on Celestica in a research note on Tuesday, July 28th. Wall Street Zen downgraded Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Canadian Imperial Bank of Commerce upped their price objective on shares of Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $439.81.

Celestica Stock Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The company has a market cap of $39.76 billion, a PE ratio of 35.95 and a beta of 2.04. The business has a fifty day simple moving average of $325.37 and a two-hundred day simple moving average of $337.14.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business’s revenue was up 62.4% compared to the same quarter last year. During the same period last year, the business posted $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Research analysts anticipate that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insider Transactions at Celestica

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CLS. Washington Trust Advisors Inc. acquired a new stake in Celestica in the second quarter valued at approximately $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Celestica during the fourth quarter worth $28,000. Ascentis Independent Advisors purchased a new stake in shares of Celestica during the 1st quarter valued at $29,000. Swiss RE Ltd. purchased a new stake in shares of Celestica during the 4th quarter valued at $29,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.