Celestica (NYSE:CLS) Trading 1.6% Higher – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price was up 1.6% on Friday . The stock traded as high as $361.64 and last traded at $360.5260. 854,293 shares were traded during trading, a decline of 64% from the average daily volume of 2,347,325 shares. The stock had previously closed at $354.78.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $475.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a research note on Wednesday, April 29th. TD Cowen upgraded Celestica from a “hold” rating to a “buy” rating and increased their price target for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. Rothschild & Co Redburn started coverage on Celestica in a report on Friday, May 1st. They set a “buy” rating and a $460.00 price target on the stock. Finally, BMO Capital Markets boosted their price objective on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $427.42.

Celestica Price Performance

The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average price is $374.44 and its 200 day moving average price is $330.66. The stock has a market cap of $41.45 billion, a PE ratio of 43.59, a P/E/G ratio of 0.84 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. Celestica’s quarterly revenue was up 52.8% on a year-over-year basis. During the same period last year, the company posted $1.20 earnings per share. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, equities analysts expect that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Insider Transactions at Celestica

In related news, CEO Robert Mionis sold 18,176 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $385.17, for a total value of $7,000,849.92. Following the sale, the chief executive officer directly owned 60,384 shares in the company, valued at approximately $23,258,105.28. The trade was a 23.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bay Rivers Group increased its position in Celestica by 0.3% in the second quarter. Bay Rivers Group now owns 14,922 shares of the technology company’s stock worth $5,444,000 after purchasing an additional 47 shares during the last quarter. Arista Wealth Management LLC lifted its position in Celestica by 31.1% during the second quarter. Arista Wealth Management LLC now owns 4,714 shares of the technology company’s stock valued at $1,720,000 after purchasing an additional 1,117 shares during the last quarter. Tactive Advisors LLC bought a new position in Celestica during the second quarter valued at $509,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of Celestica by 47.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,874 shares of the technology company’s stock worth $1,413,000 after buying an additional 1,248 shares in the last quarter. Finally, Sunburst Financial Group LLC grew its stake in shares of Celestica by 13.7% in the 2nd quarter. Sunburst Financial Group LLC now owns 830 shares of the technology company’s stock worth $303,000 after buying an additional 100 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

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.