Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS)’s share price rose 3% during mid-day trading on Tuesday. The stock traded as high as $358.08 and last traded at $357.7540. Approximately 2,009,505 shares changed hands during trading, a decline of 16% from the average session volume of 2,398,718 shares. The stock had previously closed at $347.50.
Analyst Upgrades and Downgrades
Several research firms have recently commented on CLS. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a report on Tuesday, July 28th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Celestica in a research note on Thursday. Barclays cut their price objective on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. TD set a $430.00 price objective on shares of Celestica and gave the stock a “buy” rating in a research note on Wednesday, September 16th. Finally, Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Twenty-three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to 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 Report on Celestica
Celestica Stock Down 2.7%
The company’s fifty day simple moving average is $333.08 and its 200-day simple moving average is $350.35. The firm has a market capitalization of $36.19 billion, a PE ratio of 32.72 and a beta of 2.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share 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 analysts’ expectations of $4.30 billion. During the same quarter last year, the firm earned $1.39 EPS. The business’s quarterly 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, analysts forecast that Celestica, Inc. will post 10.71 EPS for the current year.
Insider Buying and Selling at Celestica
In other Celestica news, President Todd Cooper sold 20,118 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the completion of the transaction, the president owned 73,252 shares of the company’s stock, valued at approximately $26,370,720. This trade represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert Mionis sold 98,453 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 243,067 shares of company stock worth $89,200,967. 1.10% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Celestica
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID grew its holdings in shares of Celestica by 14.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after purchasing an additional 28 shares during the period. Capital Planning LLC raised its stake in Celestica by 3.2% during the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after purchasing an additional 32 shares during the period. PCB Capital LLC boosted its holdings in Celestica by 3.5% in the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after purchasing an additional 34 shares during the last quarter. XML Financial LLC boosted its holdings in Celestica by 1.5% in the 2nd quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock valued at $963,000 after purchasing an additional 40 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Celestica by 0.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock valued at $1,592,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.
About Celestica
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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