Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS)’s stock price traded up 2.5% during mid-day trading on Thursday . The company traded as high as $365.52 and last traded at $347.8840. Approximately 3,180,398 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 2,469,993 shares. The stock had previously closed at $339.46.
Analysts Set New Price Targets
Several research firms recently weighed in on CLS. Canadian Imperial Bank of Commerce increased their price target on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Wolfe Research lifted their price target on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. BMO Capital Markets increased their price objective on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, April 24th. TD boosted their target price on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 20th. Finally, Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $438.86.
Get Our Latest Analysis on Celestica
Celestica Trading Up 2.5%
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the business posted $1.39 earnings per share. The company’s revenue was up 62.4% on a year-over-year basis. 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, equities research analysts predict that Celestica, Inc. will post 9.97 EPS for the current fiscal year.
Insiders Place Their Bets
In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the sale, the director directly owned 24,718 shares of the company’s stock, valued at $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 98,453 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 337,225 shares of company stock valued at $128,112,965. 1.10% of the stock is currently owned by corporate insiders.
Institutional Trading of Celestica
Several hedge funds and other institutional investors have recently bought and sold shares of CLS. Cibc World Market Inc. bought a new position in shares of Celestica in the second quarter worth approximately $757,811,000. OMERS ADMINISTRATION Corp bought a new position in shares of Celestica during the second quarter valued at about $38,151,000. Osmosis Investment Management UK Ltd bought a new stake in shares of Celestica in the second quarter worth about $3,856,000. Sanctuary Advisors LLC purchased a new position in Celestica during the 2nd quarter valued at about $12,763,000. Finally, Neumeier Poma Investment Counsel LLC purchased a new position in shares of Celestica during the second quarter valued at approximately $906,893,000. Institutional investors own 67.38% of the company’s stock.
About Celestica
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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