Celestica (NYSE:CLS) Shares Up 2.1% - Still a Buy?

Key Points

• Q1 results beat — Celestica reported $2.16 EPS versus $2.08 expected, raised FY guidance and posted revenue up 52.8% year‑over‑year, supporting a stronger forward earnings outlook.
• Analyst upgrades and higher targets — Major banks (Goldman, CIBC, JPMorgan, Susquehanna, etc.) raised price targets and ratings, leaving a MarketBeat average rating of "Moderate Buy" and an average price target around $427.42.
• Mixed market signals — Shares jumped ~2.1% intraday on the news, but the stock has shown volatility and insiders sold nearly 298,000 shares in the last 90 days, which investors may view as a cautionary sign.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS shares shot up 2.1% during mid-day trading on Friday . The stock traded as high as $426.55 and last traded at $418.2940. 2,316,716 shares were traded during mid-day trading, a decline of 8% from the average session volume of 2,526,318 shares. The stock had previously closed at $409.59.

Celestica News Summary

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Zacks upgraded Celestica to a Zacks Rank #1 (Strong Buy), boosting near‑term buying interest by highlighting stronger earnings prospects. All You Need to Know About Celestica (CLS) Rating Upgrade to Strong Buy
• Positive Sentiment: Analysts collectively raised Celestica’s revenue forecasts (reported as a ~10% lift), which supports higher valuation targets and signals improving outlook for end‑market demand. Industry Analysts Just Upgraded Celestica Inc. TSE: CLS Revenue Forecasts By 10%
• Positive Sentiment: Major banks raised price targets and reiterated buy/outperform calls: Goldman Sachs lifted its PT from $430 to $475 after an earnings beat; CIBC increased its PT to US$480 and kept an Outperformer rating; JPMorgan also raised its target to $425 and kept an overweight stance. These upgrades underpin investor confidence and act as near‑term buying catalysts. Goldman Sachs is Bullish on Celestica Inc. (CLS) CIBC Raises Celestica's Price Target to US$480 From US$425 Celestica NYSE: CLS Given New $425.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Company fundamentals: Celestica reported a Q1 EPS beat (reported EPS topped estimates) and raised FY guidance, which supports forward earnings multiple expansion. Analysts are citing improving revenue growth and margin dynamics. Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Technical indicator: CLS recently crossed above its 20‑day moving average, a short‑term bullish technical signal that can attract momentum traders. Celestica (CLS) Crossed Above the 20-Day Moving Average: What That Means for Investors
• Negative Sentiment: Market reaction volatility: Despite strong Q1 EPS, shares previously plunged intraday (~14% reported) after investors focused on a revenue miss in the Enterprise segment and component‑shortage noise—this shows profit‑taking and sensitivity to execution risks. Celestica Stock Falls 14% Despite Posting Strong Q1 Results

Analyst Ratings Changes

CLS has been the subject of several research reports. Susquehanna lifted their target price on Celestica from $460.00 to $510.00 and gave the company a "positive" rating in a research report on Wednesday. Stifel Nicolaus set a $445.00 target price on Celestica in a research report on Tuesday. UBS Group lifted their target price on Celestica from $355.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday. Rothschild & Co Redburn initiated coverage on Celestica in a research report on Friday. They issued a "buy" rating and a $460.00 target price for the company. Finally, Bank of America lifted their target price on Celestica from $400.00 to $430.00 and gave the company a "buy" rating in a research report on Monday, April 20th. One investment 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. According to MarketBeat, Celestica currently has an average rating of "Moderate Buy" and an average price target of $427.42.

Celestica Stock Performance

The company has a market capitalization of $48.09 billion, a price-to-earnings ratio of 50.58, a P/E/G ratio of 1.13 and a beta of 1.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.26. The firm has a 50-day simple moving average of $313.88 and a two-hundred day simple moving average of $309.08.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 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 the consensus estimate of $3.97 billion. During the same period in the previous year, the company posted $1.20 earnings per share. The business'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. On average, sell-side analysts anticipate that Celestica, Inc. will post 8.5 EPS for the current fiscal year.

Insider Transactions at Celestica

In other news, President Todd C. Cooper sold 89,484 shares of the business's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $287.45, for a total transaction of $25,722,175.80. Following the completion of the transaction, the president directly owned 108,970 shares of the company's stock, valued at approximately $31,323,426.50. The trade was a 45.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Jason Phillips sold 100,000 shares of the business's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $308.92, for a total value of $30,892,000.00. Following the transaction, the president directly owned 12,584 shares of the company's stock, valued at approximately $3,887,449.28. This represents a 88.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 297,923 shares of company stock valued at $88,027,459. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Celestica

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allianz Asset Management GmbH grew its holdings in Celestica by 7.3% in the third quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company's stock valued at $83,044,000 after purchasing an additional 22,863 shares during the last quarter. Spark Investment Management LLC grew its holdings in Celestica by 17.4% in the third quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company's stock valued at $6,643,000 after purchasing an additional 4,000 shares during the last quarter. Spire Wealth Management grew its holdings in Celestica by 354.3% in the fourth quarter. Spire Wealth Management now owns 5,979 shares of the technology company's stock valued at $1,767,000 after purchasing an additional 4,663 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Celestica in the third quarter valued at $28,924,000. Finally, Plato Investment Management Ltd grew its holdings in Celestica by 154.5% in the third quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company's stock valued at $3,676,000 after purchasing an additional 9,135 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

About Celestica

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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