Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS)’s stock price rose 1.1% on Monday . The company traded as high as $378.38 and last traded at $376.4820. 1,837,675 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 2,414,259 shares. The stock had previously closed at $372.55.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on CLS shares. Susquehanna upped their price target on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and upped their price target for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. Barclays increased their price objective on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Rothschild & Co Redburn began coverage on Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 target price on the stock. Finally, TD Securities upgraded Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $427.42.
View Our Latest Stock Report on CLS
Celestica Trading Up 3.4%
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released 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. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm’s revenue was up 52.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.20 earnings per share. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. On average, equities research analysts predict that Celestica, Inc. will post 9.5 EPS for the current year.
Insiders Place Their Bets
In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert Mionis sold 66,056 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $400.06, for a total value of $26,426,363.36. Following the completion of the sale, the chief executive officer directly owned 134,328 shares of the company’s stock, valued at $53,739,259.68. This represents a 32.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 161,168 shares of company stock valued at $63,190,485 over the last three months. 1.10% of the stock is currently owned by insiders.
Institutional Trading of Celestica
A number of institutional investors and hedge funds have recently modified their holdings of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica in the 4th quarter valued at $28,000. Swiss RE Ltd. bought a new stake in Celestica during the fourth quarter valued at about $29,000. Cullen Frost Bankers Inc. bought a new position in shares of Celestica in the fourth quarter worth about $30,000. Sittner & Nelson LLC acquired a new position in shares of Celestica during the 4th quarter worth about $31,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Celestica during the 1st quarter worth about $29,000. 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.
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