Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) was up 2.1% during mid-day trading on Friday . The company traded as high as $398.48 and last traded at $393.8470. Approximately 1,157,771 shares traded hands during trading, a decline of 53% from the average daily volume of 2,451,036 shares. The stock had previously closed at $385.86.
Analyst Ratings Changes
A number of equities analysts have issued reports on CLS shares. Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target for the company in a research note on Wednesday, April 29th. Bank of America increased their price target on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, April 20th. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and increased their price target for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada increased their price objective on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $427.42.
Celestica Price Performance
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The company’s quarterly revenue was up 52.8% compared to the same quarter last year. 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, research analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.
Insider Activity at Celestica
In other news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.10% of the company’s stock.
Institutional Trading of Celestica
A number of hedge funds have recently modified their holdings of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Celestica in the fourth quarter valued at $28,000. Ascentis Independent Advisors purchased a new stake in shares of Celestica in the first quarter valued at $29,000. Swiss RE Ltd. purchased a new stake in shares of Celestica in the fourth quarter valued at $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica in the fourth quarter valued at $30,000. Finally, Sittner & Nelson LLC purchased a new stake in shares of Celestica in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.
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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