Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS)’s share price shot up 9.3% during mid-day trading on Wednesday . The stock traded as high as $339.74 and last traded at $339.19. 3,173,437 shares were traded during mid-day trading, an increase of 29% from the average session volume of 2,460,979 shares. The stock had previously closed at $310.38.
Wall Street Analysts Forecast Growth
CLS has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a research report on Tuesday, July 28th. Susquehanna raised their price target on shares of Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce lifted their price objective on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, TD lifted their price objective on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $438.86.
Get Our Latest Research Report on CLS
Celestica Stock Performance
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last posted its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business 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 firm earned $1.39 EPS. The firm’s quarterly 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. Equities analysts forecast that Celestica, Inc. will post 9.97 EPS for the current year.
Insider Transactions at Celestica
In other news, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were 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 of the company’s stock, 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 filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the completion of the transaction, the chief financial officer owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This trade represents a 19.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 337,225 shares of company stock valued at $128,112,965. Corporate insiders own 1.10% of the company’s stock.
Hedge Funds Weigh In On Celestica
Several institutional investors have recently bought and sold shares of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Celestica in the fourth quarter valued at $28,000. Ascentis Independent Advisors acquired a new position in Celestica during the 1st quarter worth about $29,000. Swiss RE Ltd. bought a new stake in Celestica during the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new stake in Celestica during the 4th quarter worth about $30,000. Finally, Sittner & Nelson LLC acquired a new stake in Celestica in the 4th quarter valued at about $31,000. 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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