Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) was up 1.2% during trading on Monday . The stock traded as high as $346.24 and last traded at $339.20. 1,795,614 shares traded hands during trading, a decline of 27% from the average daily volume of 2,467,618 shares. The stock had previously closed at $335.05.
Analysts Set New Price Targets
CLS has been the subject of a number of analyst reports. Susquehanna upped their price objective on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their target price on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on shares of Celestica from $440.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. BMO Capital Markets increased their price target on shares of Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Weiss Ratings cut shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $438.86.
Check Out Our Latest Analysis on CLS
Celestica Trading Up 1.2%
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company’s quarterly revenue was up 62.4% on a year-over-year basis. During the same period last year, the company earned $1.39 EPS. 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, research analysts expect that Celestica, Inc. will post 9.97 earnings per share for the current year.
Insider Transactions at Celestica
In other Celestica news, CEO Robert Mionis sold 23,496 shares of Celestica stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the completion of the sale, the chief executive officer directly owned 23,396 shares in the company, valued at $8,478,476.44. This trade represents a 50.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the business’s 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 sale, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 360,721 shares of company stock valued at $136,627,680. Company insiders own 1.10% of the company’s stock.
Institutional Trading of Celestica
Several institutional investors have recently added to or reduced their stakes in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Celestica in the fourth quarter valued at approximately $28,000. Ascentis Independent Advisors purchased a new position in shares of Celestica during the first quarter worth $29,000. Swiss RE Ltd. acquired a new stake in shares of Celestica in the fourth quarter valued at $29,000. Cullen Frost Bankers Inc. acquired 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 4th quarter valued at $31,000. Institutional investors and hedge funds 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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