Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS)’s share price dropped 1.2% during mid-day trading on Wednesday. The stock traded as low as $353.52 and last traded at $361.89. Approximately 2,090,711 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 2,427,313 shares. The stock had previously closed at $366.47.
Analyst Ratings Changes
Several equities analysts recently weighed in on CLS shares. JPMorgan Chase & Co. raised their price objective on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Wolfe Research boosted their price objective on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. UBS Group raised Celestica from a “neutral” rating to a “buy” rating and raised their target price for the stock from $410.00 to $430.00 in a research report on Monday, August 24th. Barclays lowered their price target on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Finally, FBN Securities started coverage on shares of Celestica in a research note on Tuesday, September 15th. They set an “outperform” rating and a $375.00 price target on the stock. Twenty-three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $450.50.
Check Out Our Latest Stock Report on Celestica
Celestica Stock Performance
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the company posted $1.39 EPS. The company’s revenue for the quarter 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, analysts predict that Celestica, Inc. will post 10.71 EPS for the current fiscal year.
Insider Activity at Celestica
In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the firm’s 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert Mionis sold 23,396 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total value of $8,521,291.12. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 243,067 shares of company stock worth $89,200,967. Company insiders own 1.10% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cibc World Market Inc. purchased a new stake in Celestica during the second quarter worth approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Celestica during the second quarter valued at approximately $674,199,000. Bank of America Corp DE purchased a new stake in shares of Celestica during the second quarter worth $444,899,000. The Manufacturers Life Insurance Company bought a new stake in shares of Celestica during the 2nd quarter worth about $351,717,000. Finally, Legal & General Group Plc bought a new stake in shares of Celestica in the second quarter valued at approximately $333,588,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.
Celestica Company Profile
Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.
Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.
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