Baskin Financial Services Inc. Buys New Shares in Celestica, Inc. $CLS

Key Points

• Baskin Financial Services Inc. has acquired 1,500 shares of Celestica, Inc., valued at approximately $234,000, in the second quarter.
• Celestica reported a 21% year-over-year revenue increase to $2.89 billion for the last quarter, outpacing analyst estimates.
• Research analysts have a consensus rating of "Moderate Buy" for Celestica, with an average price target of $207.38, following several upgrades from various firms.

Baskin Financial Services Inc. bought a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,500 shares of the technology company's stock, valued at approximately $234,000.

Several other hedge funds have also made changes to their positions in the stock. Freedom Investment Management Inc. lifted its stake in Celestica by 1.5% during the first quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company's stock worth $501,000 after purchasing an additional 96 shares during the period. Wolff Wiese Magana LLC lifted its stake in Celestica by 45.6% during the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company's stock worth $57,000 after purchasing an additional 114 shares during the period. First National Bank of Hutchinson lifted its stake in Celestica by 2.5% during the first quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock worth $387,000 after purchasing an additional 120 shares during the period. Private Trust Co. NA lifted its stake in Celestica by 14.1% during the first quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock worth $78,000 after purchasing an additional 123 shares during the period. Finally, Bay Rivers Group lifted its stake in Celestica by 0.7% during the second quarter. Bay Rivers Group now owns 19,636 shares of the technology company's stock worth $3,065,000 after purchasing an additional 142 shares during the period. Institutional investors own 67.38% of the company's stock.

Celestica Stock Performance

Shares of Celestica stock opened at $260.00 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The firm has a market cap of $29.91 billion, a P/E ratio of 56.28 and a beta of 1.88. The firm has a 50 day simple moving average of $223.32 and a 200 day simple moving average of $155.17. Celestica, Inc. has a fifty-two week low of $55.30 and a fifty-two week high of $261.83.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.16. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. Celestica's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter last year, the business posted $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. Sell-side analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. TD Securities cut shares of Celestica from a "buy" rating to a "hold" rating and raised their price target for the stock from $130.00 to $238.00 in a research note on Friday, October 3rd. UBS Group reaffirmed a "neutral" rating and set a $208.00 price objective (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. TD Cowen reaffirmed a "hold" rating and set a $238.00 price objective on shares of Celestica in a report on Friday, October 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Celestica in a report on Wednesday. Finally, Wall Street Zen raised shares of Celestica from a "hold" rating to a "buy" rating in a report on Saturday, October 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Celestica presently has a consensus rating of "Moderate Buy" and an average target price of $207.38.

About Celestica

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.