Celestica (NYSE:CLS) Stock Price Down 7% – Here’s What Happened

Celestica, Inc. (NYSE:CLSGet Free Report) (TSE:CLS) dropped 7% during trading on Thursday . The company traded as low as $328.50 and last traded at $336.3460. Approximately 1,805,216 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 2,383,670 shares. The stock had previously closed at $361.62.

Analyst Ratings Changes

CLS has been the subject of several recent analyst reports. TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective for the company in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their target price on shares of Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and boosted their target price for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. Royal Bank Of Canada upped their price target on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Celestica currently has a consensus rating of “Buy” and a consensus price target of $427.42.

Get Our Latest Stock Report on CLS

Celestica Stock Up 0.0%

The firm’s fifty day moving average price is $378.26 and its 200-day moving average price is $328.27. The company has a market capitalization of $38.67 billion, a price-to-earnings ratio of 40.67, a P/E/G ratio of 0.78 and a beta of 2.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73.

Celestica (NYSE:CLSGet Free Report) (TSE:CLS) last released its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.08. The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.Celestica’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same quarter last year, the business posted $1.20 EPS. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Sell-side analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Robert Mionis sold 18,176 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the completion of the transaction, the chief executive officer owned 60,384 shares in the company, valued at $23,258,105.28. This trade represents a 23.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, 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 position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 161,168 shares of company stock valued at $63,190,485. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Celestica

Several institutional investors have recently modified their holdings of the business. NewGen Equity Long Short Fund bought a new stake in shares of Celestica in the 2nd quarter valued at about $14,050,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Celestica by 7,646.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock worth $157,000 after acquiring an additional 994 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Celestica by 30.0% in the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock worth $12,197,000 after acquiring an additional 18,025 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Celestica by 385.8% in the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock worth $438,000 after acquiring an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC boosted its holdings in Celestica by 11.0% in the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock valued at $497,000 after acquiring an additional 315 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

About Celestica

(Get Free Report)

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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