Celestica (NYSE:CLS) Trading Up 1.2% - What's Next?

Key Points

• Celestica shares rose 1.2% to $339.20, with trading volume 27% below the average daily level.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $438.86; recent targets range from $406 to $475.
• Celestica exceeded quarterly expectations, reporting $2.54 in EPS versus $2.29 expected and $4.68 billion in revenue, up 62.4% year over year. However, insiders sold about $136.6 million of stock over the past 90 days, including sales by the CEO and CFO.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS's stock price was up 1.2% during trading on Monday . The company traded as high as $346.24 and last traded at $339.20. 1,795,614 shares changed hands during trading, a decline of 27% from the average daily volume of 2,467,618 shares. The stock had previously closed at $335.05.

Wall Street Analysts Forecast Growth

CLS has been the subject of several recent analyst reports. Citigroup lifted their price target on Celestica from $338.00 to $415.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Weiss Ratings lowered Celestica from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday. Barclays cut their price objective on Celestica from $430.00 to $406.00 and set an "overweight" rating for the company in a research report on Friday, August 7th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $475.00 target price on shares of Celestica in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada increased their target price on Celestica from $440.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $438.86.

Celestica Trading Up 1.2%

The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $39.00 billion, a price-to-earnings ratio of 35.26 and a beta of 2.06. The company has a fifty day moving average of $348.14 and a 200-day moving average of $335.47.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts' consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion during the quarter, compared to analysts' expectations of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business's revenue was up 62.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, equities research analysts anticipate that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Mandeep Chawla sold 16,117 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the transaction, the chief financial officer directly owned 65,444 shares of the company's stock, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert Mionis sold 23,496 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the transaction, the chief executive officer owned 23,396 shares in the company, valued at $8,478,476.44. The trade was a 50.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 360,721 shares of company stock valued at $136,627,680 in the last ninety days. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Celestica in the fourth quarter valued at approximately $28,000. Swiss RE Ltd. purchased a new position in Celestica during the fourth quarter worth approximately $29,000. Cullen Frost Bankers Inc. purchased a new position in Celestica during the fourth quarter worth approximately $30,000. Sittner & Nelson LLC acquired a new position in Celestica during the fourth quarter worth $31,000. Finally, Ascentis Independent Advisors acquired a new position in Celestica during the first quarter worth $29,000. 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.

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