Key Points
- Celestica President Todd Cooper sold 20,118 shares at an average price of $360, generating $7.24 million. His direct ownership fell 21.55% to 73,252 shares.
- Celestica reported strong quarterly results, with EPS of $2.54 beating estimates of $2.29 and revenue of $4.68 billion exceeding forecasts; revenue rose 62.4% year over year.
- Wall Street remains bullish: the stock has an average “Buy” rating and a consensus price target of $447.19, while institutional investors own 67.38% of the company.
Celestica, Inc. (NYSE:CLS - Get Free Report) (TSE:CLS) President Todd Cooper sold 20,118 shares of Celestica stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the transaction, the president directly owned 73,252 shares in the company, valued at approximately $26,370,720. The trade was a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Celestica Trading Up 3.2%
Celestica stock opened at $373.26 on Friday. Celestica, Inc. has a 12-month low of $227.00 and a 12-month high of $474.02. The firm has a market capitalization of $42.92 billion, a price-to-earnings ratio of 38.80 and a beta of 2.04. The firm has a 50 day moving average of $324.72 and a 200 day moving average of $341.70. 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 issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company's revenue for the quarter was up 62.4% on a year-over-year basis. During the same quarter in the previous 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, research analysts predict that Celestica, Inc. will post 10.71 earnings per share for the current year.
Institutional Trading of Celestica
A number of large investors have recently added to or reduced their stakes in the company. Cibc World Market Inc. purchased a new position in shares of Celestica in the 2nd quarter worth $757,811,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Celestica in the 2nd quarter valued at about $674,199,000. Norges Bank purchased a new position in Celestica in the fourth quarter worth about $456,511,000. Bank of America Corp DE purchased a new position in Celestica in the second quarter worth about $444,899,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Celestica during the second quarter worth approximately $351,717,000. Institutional investors own 67.38% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on CLS shares. Bank of America reissued a "buy" rating on shares of Celestica in a report on Wednesday, July 29th. Scotiabank initiated coverage on Celestica in a research note on Tuesday, August 11th. They set a "sector outperform" rating and a $500.00 target price on the stock. Wolfe Research boosted their price target on Celestica from $425.00 to $475.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Weiss Ratings lowered shares of Celestica from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Celestica from $445.00 to $485.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $447.19.
Check Out Our Latest Stock Report on Celestica
Celestica Company Profile
(
Get Free Report)
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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