Celestica (NYSE:CLS) Shares Up 8.3% – What’s Next?

Posted by Francis Steltz on Nov 11th, 2026

Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) shares were up 8.3% on Wednesday. The company traded as high as $247.12 and last traded at $242.3670. 4,443,895 shares traded hands during trading, an increase of 76% from the average daily volume of 2,527,022 shares. The stock had previously closed at $223.89.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CLS. UBS Group upped their target price on shares of Celestica from $430.00 to $453.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Scotiabank started coverage on Celestica in a report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price target on the stock. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 3rd. Royal Bank Of Canada set a $450.00 price objective on Celestica and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Finally, Wolfe Research increased their target price on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $445.14.

View Our Latest Stock Analysis on CLS

Celestica Stock Up 8.3%

The business has a 50-day moving average of $314.29 and a 200 day moving average of $328.42. The company has a market capitalization of $30.57 billion, a PE ratio of 22.93, a P/E/G ratio of 1.56 and a beta of 2.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.61 and a quick ratio of 1.03.

Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released its quarterly earnings results on Monday, October 26th. The technology company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.28. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Celestica had a return on equity of 33.80% and a net margin of 6.83%. Equities research analysts predict that Celestica, Inc. will post 10.97 earnings per share for the current year.

Insider Activity at Celestica

In related news, President Todd C. 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 directly 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 23,396 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total transaction of $8,521,291.12. The SEC filing for this sale provides additional information. Insiders have sold a total of 67,010 shares of company stock worth $24,278,487 over the last ninety days. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

Several institutional investors have recently bought and sold shares of CLS. Cibc World Market Inc. purchased a new position in shares of Celestica in the 2nd quarter worth $757,811,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Celestica during the 2nd quarter valued at about $674,199,000. Bank of America Corp DE purchased a new stake in shares of Celestica during the 2nd quarter valued at about $444,899,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Celestica during the 2nd quarter valued at about $351,717,000. Finally, Legal & General Group Plc bought a new position in shares of Celestica in the 2nd quarter valued at about $333,588,000. Institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

(Get Free Report)

Celestica Inc. is a global provider of design, manufacturing, and supply chain services for companies across technology and industrial markets. Its work spans product development, engineering, manufacturing, testing, and ongoing product support. The company’s offerings include hardware and infrastructure used in cloud computing and data centers, communications networks, aerospace and defense, industrial equipment, and health technology. It also provides supply chain management and other services to support products throughout their lifecycle.