Celestica (NYSE:CLS) Trading 3.6% Higher - What's Next?

Key Points

• Celestica shares rose 3.6% to about $356.94, while trading volume was 13% below the average. The company has a market capitalization of approximately $41.04 billion.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $440.50; JPMorgan recently raised its target to $485.
• Celestica exceeded quarterly expectations, reporting $2.54 in EPS and $4.68 billion in revenue, up 62.4% year over year. However, insiders sold approximately $73.4 million of stock over the past 90 days.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS shares traded up 3.6% during mid-day trading on Tuesday . The company traded as high as $359.05 and last traded at $356.9430. Approximately 2,113,994 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 2,424,998 shares. The stock had previously closed at $344.40.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. FBN Securities assumed coverage on Celestica in a report on Tuesday, September 15th. They set an "outperform" rating and a $375.00 price objective for the company. BWS Financial restated a "buy" rating on shares of Celestica in a report on Tuesday, July 28th. JPMorgan Chase & Co. increased their price target on shares of Celestica from $445.00 to $485.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. TD Cowen reissued a "buy" rating on shares of Celestica in a research report on Wednesday, September 16th. Finally, Wall Street Zen downgraded shares of Celestica from a "buy" rating to a "hold" rating in a research report on Sunday, September 6th. One equities research analyst has rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the company. According to data from MarketBeat, Celestica currently has a consensus rating of "Buy" and a consensus target price of $440.50.

Celestica Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The firm's 50 day moving average is $322.50 and its 200-day moving average is $339.54. The stock has a market capitalization of $41.04 billion, a price-to-earnings ratio of 37.10 and a beta of 2.04.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the business earned $1.39 earnings per share. The firm'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. Analysts forecast that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Transactions at Celestica

In related news, CFO Mandeep Chawla sold 16,117 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the transaction, the chief financial officer owned 65,444 shares of the company's stock, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $362.39, for a total value 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. This represents a 50.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 199,553 shares of company stock worth $73,437,196 over the last 90 days. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legacy Wealth Managment LLC ID increased its position in Celestica by 14.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company's stock worth $63,000 after purchasing an additional 28 shares during the period. Capital Planning LLC boosted 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 buying an additional 32 shares in the last quarter. PCB Capital LLC boosted its stake in shares of Celestica by 3.5% in the first quarter. PCB Capital LLC now owns 995 shares of the technology company's stock valued at $280,000 after buying an additional 34 shares in the last quarter. XML Financial LLC grew its holdings in Celestica by 1.5% during the second 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 period. Finally, Sequoia Financial Advisors LLC grew its holdings in Celestica by 0.9% during the second quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company's stock worth $1,592,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Company Profile

Celestica Inc NYSE: CLS is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.

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