Celestica (NYSE:CLS) Stock Price Down 3.8% – Here’s Why
by Teresa Graham · The Cerbat GemCelestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) shares traded down 3.8% on Wednesday . The stock traded as low as $354.06 and last traded at $356.7660. 2,042,212 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 2,437,787 shares. The stock had previously closed at $370.84.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Weiss Ratings raised Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Canaccord Genuity Group increased their target price on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a research report on Wednesday, April 29th. BMO Capital Markets increased their target price on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Bank of America increased their target price on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $427.42.
Get Our Latest Stock Analysis on Celestica
Celestica Stock Down 3.8%
The firm has a 50-day simple moving average of $345.30 and a 200 day simple moving average of $317.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The company has a market capitalization of $41.02 billion, a PE ratio of 43.14, a price-to-earnings-growth ratio of 0.85 and a beta of 2.09.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the company posted $1.20 earnings per share. The firm’s revenue was up 52.8% compared to the same quarter last year. 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, research analysts predict that Celestica, Inc. will post 9.5 EPS for the current fiscal year.
Insider Activity at Celestica
In related news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the transaction, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.10% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Celestica in the fourth quarter worth about $28,000. Ascentis Independent Advisors acquired a new position in Celestica in the first quarter worth about $29,000. Swiss RE Ltd. acquired a new position in Celestica in the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. acquired a new position in Celestica in the fourth quarter worth about $30,000. Finally, Sittner & Nelson LLC acquired a new position in Celestica in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 67.38% of the company’s stock.
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.