Baron Wealth Management LLC Makes New $208,000 Investment in Celestica, Inc. $CLS

Key Points

• Baron Wealth Management LLC invested approximately $208,000 in Celestica, Inc., acquiring 1,332 shares during the second quarter.
• Analyst ratings for Celestica vary, with BNP Paribas upgrading it to a "strong-buy" and Canaccord Genuity setting a high price target of $240.00.
• Celestica reported earnings of $1.39 per share for the last quarter, surpassing estimates and demonstrating a 21% year-over-year revenue growth.

Baron Wealth Management LLC acquired a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,332 shares of the technology company's stock, valued at approximately $208,000.

A number of other institutional investors also recently modified their holdings of CLS. Rothschild Investment LLC acquired a new position in Celestica during the first quarter worth $26,000. ORG Partners LLC acquired a new position in Celestica during the first quarter worth $29,000. Center for Financial Planning Inc. purchased a new stake in shares of Celestica in the first quarter valued at about $30,000. Farther Finance Advisors LLC raised its holdings in shares of Celestica by 1,516.7% in the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock valued at $54,000 after purchasing an additional 637 shares during the last quarter. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Celestica in the first quarter valued at about $63,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CLS shares. Canaccord Genuity Group raised their price objective on shares of Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wall Street Zen cut shares of Celestica from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Royal Bank Of Canada upped their price target on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Citigroup boosted their target price on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $174.75.

Celestica Trading Up 0.3%

Shares of NYSE CLS traded up $0.68 during trading on Friday, hitting $252.72. 3,754,555 shares of the company were exchanged, compared to its average volume of 3,124,105. The company has a fifty day moving average price of $202.25 and a 200-day moving average price of $140.34. 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 firm has a market capitalization of $29.07 billion, a PE ratio of 54.70 and a beta of 1.89. Celestica, Inc. has a 12-month low of $48.18 and a 12-month high of $258.16.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. As a group, equities research analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.

Celestica Company Profile

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.