Celestica (NYSE:CLS) Shares Down 2% – Should You Sell?

Posted by Francis Steltz on Aug 21st, 2026

Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS)’s share price fell 2% during mid-day trading on Friday . The stock traded as low as $292.64 and last traded at $296.03. 1,356,680 shares changed hands during trading, a decline of 45% from the average session volume of 2,462,996 shares. The stock had previously closed at $302.00.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a research note on Tuesday, July 28th. BMO Capital Markets boosted their target price on shares of Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target for the company in a report on Wednesday, April 29th. Citigroup upped their price target on shares of Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, UBS Group reiterated a “neutral” rating and issued a $410.00 price target on shares of Celestica in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $438.86.

Get Our Latest Research Report on Celestica

Celestica Price Performance

The stock has a market capitalization of $34.04 billion, a price-to-earnings ratio of 30.77 and a beta of 2.06. The company has a fifty day simple moving average of $343.11 and a 200 day simple moving average of $335.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23.

Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.30 billion. During the same quarter in the previous year, the company posted $1.39 EPS. The business’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. Equities research analysts forecast that Celestica, Inc. will post 9.97 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44. Following the sale, the chief executive officer directly owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. This represents a 50.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the sale, the chief financial officer owned 65,444 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 356,553 shares of company stock valued at $135,238,444 in the last three months. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Celestica by 5,806,149.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after purchasing an additional 3,657,874 shares in the last quarter. Cibc World Market Inc. bought a new stake in Celestica in the second quarter worth approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Celestica in the second quarter worth approximately $674,199,000. Viking Global Investors LP acquired a new position in Celestica in the third quarter valued at approximately $424,459,000. Finally, Norges Bank acquired a new position in Celestica in the fourth quarter valued at approximately $456,511,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

About Celestica

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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.