Alliancebernstein L.P. grew its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 405.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 731,937 shares of the technology company's stock after purchasing an additional 587,145 shares during the period. Alliancebernstein L.P. owned approximately 0.63% of Celestica worth $57,684,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new position in shares of Celestica during the first quarter valued at approximately $26,000. ORG Partners LLC purchased a new position in Celestica during the first quarter valued at $29,000. Center for Financial Planning Inc. purchased a new position in Celestica during the first quarter valued at $30,000. Farther Finance Advisors LLC raised its position in shares of Celestica by 1,516.7% in the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock worth $54,000 after purchasing an additional 637 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd raised its position in shares of Celestica by 8,910.0% in the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company's stock worth $71,000 after purchasing an additional 891 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on CLS. Royal Bank Of Canada lifted their price target on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their target price on shares of Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a report on Monday. CICC Research started coverage on shares of Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating for the company. Citigroup increased their target price on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, BNP Paribas upgraded Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $174.75.
Get Our Latest Stock Analysis on CLS
Celestica Stock Performance
Shares of CLS traded down $5.33 during mid-day trading on Friday, hitting $240.41. 1,120,248 shares of the company traded hands, compared to its average volume of 4,243,055. The stock has a market cap of $27.65 billion, a price-to-earnings ratio of 52.04 and a beta of 1.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The stock has a 50-day moving average price of $191.32 and a two-hundred day moving average price of $133.91. Celestica, Inc. has a 1 year low of $44.46 and a 1 year high of $257.40.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.16. The company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.Celestica's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Equities analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current year.
About Celestica
(
Free Report)
Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.
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