Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS)’s share price was up 10.8% on Monday . The stock traded as high as $427.96 and last traded at $427.06. Approximately 3,332,428 shares changed hands during mid-day trading, an increase of 36% from the average daily volume of 2,454,233 shares. The stock had previously closed at $385.39.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on CLS shares. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target on the stock in a report on Wednesday, April 29th. Citigroup upped their price objective on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Rothschild & Co Redburn began coverage on Celestica in a research report on Friday, May 1st. They set a “buy” rating and a $460.00 target price for the company. Royal Bank Of Canada boosted their price target on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $475.00 price target on shares of Celestica in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $427.42.
Read Our Latest Stock Analysis on CLS
Celestica Stock Up 10.8%
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the company posted $1.20 EPS. The business’s revenue was up 52.8% on a year-over-year basis. 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, analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the transaction, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.10% of the company’s stock.
Institutional Investors Weigh In On Celestica
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Celestica by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock worth $1,423,333,000 after purchasing an additional 73,022 shares during the period. JPMorgan Chase & Co. lifted its position in Celestica by 24.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after buying an additional 798,782 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Celestica by 5,806,149.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after buying an additional 3,657,874 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Celestica by 471.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after buying an additional 2,596,318 shares during the period. Finally, Franklin Resources Inc. increased its position in Celestica by 18.6% during the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock valued at $673,471,000 after acquiring an additional 356,797 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.
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.
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