Celestica (NYSE:CLS) Stock Price Up 1.6% - Here's Why

Key Points

• Celestica shares rose 1.6% to approximately $362.13, despite trading volume running 49% below its average daily level.
• The company reported strong quarterly results, with EPS of $2.54 versus the $2.29 consensus and revenue of $4.68 billion, up 62.4% year over year and above expectations.
• Analyst sentiment remains bullish: 23 analysts rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $450.50. However, insiders sold about $89.2 million of shares over the past quarter.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS traded up 1.6% during mid-day trading on Friday. The company traded as high as $369.00 and last traded at $362.1330. Approximately 1,236,713 shares traded hands during trading, a decline of 49% from the average daily volume of 2,405,331 shares. The stock had previously closed at $356.53.

Analyst Ratings Changes

A number of brokerages have weighed in on CLS. Weiss Ratings downgraded shares of Celestica from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. Stifel Nicolaus set a $500.00 price target on Celestica in a research note on Tuesday, July 28th. Royal Bank Of Canada set a $450.00 price objective on Celestica and gave the company an "outperform" rating in a research report on Wednesday, August 26th. Bank of America reiterated a "buy" rating on shares of Celestica in a research note on Wednesday, July 29th. Finally, Scotiabank started coverage on Celestica in a report on Tuesday, August 11th. They issued a "sector outperform" rating and a $500.00 target price on the stock. Twenty-three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Celestica has an average rating of "Moderate Buy" and an average price target of $450.50.

Celestica Trading Up 1.6%

The firm has a market capitalization of $41.64 billion, a PE ratio of 37.64 and a beta of 2.01. The firm has a 50 day simple moving average of $333.43 and a 200 day simple moving average of $348.75. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm had revenue of $4.68 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the previous year, the business earned $1.39 earnings per share. The company's revenue was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Equities analysts expect that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Activity at Celestica

In other Celestica news, CEO Robert Mionis sold 98,453 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction on 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 in the company, valued at $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 243,067 shares of company stock worth $89,200,967 over the last quarter. Company insiders own 1.10% of the company's stock.

Institutional Trading of Celestica

Several large investors have recently modified their holdings of the company. Legacy Wealth Managment LLC ID boosted its stake in Celestica by 14.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company's stock worth $63,000 after buying an additional 28 shares during the period. Capital Planning LLC raised its stake in shares of Celestica by 3.2% in the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company's stock valued at $289,000 after acquiring an additional 32 shares during the period. PCB Capital LLC lifted its holdings in shares of Celestica by 3.5% in the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company's stock worth $280,000 after acquiring an additional 34 shares during the last quarter. XML Financial LLC lifted its holdings in shares of Celestica by 1.5% in the 2nd quarter. XML Financial LLC now owns 2,640 shares of the technology company's stock worth $963,000 after acquiring an additional 40 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Celestica by 0.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company's stock worth $1,592,000 after purchasing an additional 40 shares during the period. Institutional investors own 67.38% of the company's stock.

About Celestica

Celestica Inc NYSE: CLS is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.

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