Celestica (NYSE:CLS) Trading Down 3.5% - Here's Why

Key Points

• Celestica's shares decreased by 3.5%, trading as low as $244.27, significantly down from the previous close of $254.39.
• Multiple research firms have recently adjusted their price targets, with UBS Group setting a new target of $208.00, and JPMorgan Chase raising it to $295.00.
• Celestica reported earnings of $1.39 per share for the last quarter, beating estimates, with revenue reaching $2.89 billion, a 21% increase year-over-year.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS's share price fell 3.5% during trading on Wednesday . The company traded as low as $244.27 and last traded at $245.43. 489,771 shares traded hands during trading, a decline of 88% from the average session volume of 4,209,710 shares. The stock had previously closed at $254.39.

Analyst Ratings Changes

A number of research firms have recently weighed in on CLS. UBS Group reaffirmed a "neutral" rating and set a $208.00 price target (up from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Royal Bank Of Canada raised their price target on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. Canaccord Genuity Group raised their price target on shares of Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Barclays lifted their price objective on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $174.75.

Celestica Trading Down 4.1%

The firm has a market capitalization of $28.05 billion, a PE ratio of 52.79 and a beta of 1.89. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The firm has a 50 day simple moving average of $196.83 and a 200 day simple moving average of $137.02.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.16. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.Celestica's quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Equities analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Celestica

Large investors have recently made changes to their positions in the business. Rothschild Investment LLC boosted its holdings in Celestica by 20.0% in the second quarter. Rothschild Investment LLC now owns 390 shares of the technology company's stock valued at $61,000 after purchasing an additional 65 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company's stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Celestica by 33.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company's stock valued at $55,000 after purchasing an additional 87 shares during the last quarter. Freedom Investment Management Inc. boosted its position in Celestica by 1.5% in the 1st quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company's stock valued at $501,000 after buying an additional 96 shares during the period. Finally, Wolff Wiese Magana LLC boosted its position in Celestica by 45.6% in the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company's stock valued at $57,000 after buying an additional 114 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

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