Celestica (NYSE:CLS) Stock Falls 2.7% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS) dropped 2.7% during mid-day trading on Thursday. The company traded as low as $296.12 and last traded at $314.7420. 3,791,636 shares changed hands during mid-day trading, an increase of 57% from the average daily volume of 2,408,280 shares. The stock had previously closed at $323.32.

Analyst Ratings Changes

Several equities analysts recently issued reports on CLS shares. Wolfe Research boosted their target price on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. BWS Financial restated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. FBN Securities began coverage on Celestica in a research note on Tuesday, September 15th. They set an “outperform” rating and a $375.00 target price for the company. Finally, TD set a $430.00 target price on Celestica and gave the stock a “buy” rating in a report on Wednesday, September 16th. Twenty-three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $450.50.

Celestica Price 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 business’s fifty day moving average price is $333.08 and its 200-day moving average price is $350.35. The stock has a market capitalization of $36.19 billion, a price-to-earnings ratio of 32.72 and a beta of 2.01.

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

Insider Transactions at Celestica

In related news, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction on 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 sale, the chief financial officer owned 65,444 shares in the company, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert Mionis sold 23,396 shares of the stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total value of $8,521,291.12. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 243,067 shares of company stock valued at $89,200,967 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Celestica

Institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in Celestica by 2.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,529 shares of the technology company’s stock worth $1,640,000 after purchasing an additional 103 shares during the last quarter. Gunderson Capital Management LLC increased its stake in Celestica by 49.6% in the 3rd quarter. Gunderson Capital Management LLC now owns 19,630 shares of the technology company’s stock valued at $7,095,000 after buying an additional 6,508 shares during the last quarter. Formuepleje A S purchased a new stake in Celestica in the 3rd quarter valued at about $532,000. Nvwm LLC lifted its position in shares of Celestica by 12.5% during the 3rd quarter. Nvwm LLC now owns 911 shares of the technology company’s stock worth $330,000 after buying an additional 101 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its position in shares of Celestica by 8.6% during the 3rd quarter. HBW Advisory Services LLC now owns 596 shares of the technology company’s stock worth $215,000 after buying an additional 47 shares in the last quarter. 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 services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.