Celestica (NYSE:CLS) Shares Up 10% – Time to Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shot up 10% during mid-day trading on Friday . The stock traded as high as $387.43 and last traded at $386.2810. 3,063,662 shares changed hands during mid-day trading, an increase of 25% from the average session volume of 2,444,768 shares. The stock had previously closed at $351.02.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CLS. TD upped their price target on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and upped their price target for the company from $350.00 to $430.00 in a report on Wednesday, April 29th. Royal Bank Of Canada boosted their price objective on shares of Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, UBS Group boosted their price objective on shares of Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $427.42.

Celestica Trading Up 10.0%

The company has a market capitalization of $44.41 billion, a PE ratio of 46.71, a P/E/G ratio of 0.90 and a beta of 2.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The business has a fifty day moving average price of $350.64 and a 200 day moving average price of $317.98.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the business earned $1.20 EPS. The company’s revenue for the quarter was up 52.8% on a year-over-year basis. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Analysts expect that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insider Transactions at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares of the company’s stock, valued at $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Celestica

Large investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Celestica in the fourth quarter worth $28,000. Ascentis Independent Advisors acquired a new stake in shares of Celestica in the first quarter worth $29,000. Swiss RE Ltd. acquired a new stake in shares of Celestica in the fourth quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Celestica in the fourth quarter worth $30,000. Finally, Sittner & Nelson LLC acquired a new stake in shares of Celestica in the fourth quarter worth $31,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Company Profile

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.