Brendel Financial Advisors LLC Takes Position in Celestica, Inc. $CLS

Key Points

• Brendel Financial Advisors LLC acquired 1,714 shares of Celestica, Inc., valued at approximately $268,000, during the second quarter.
• Celestica's shares experienced significant analyst upgrades, with target prices raised by firms such as Barclays, Citigroup, and Canaccord Genuity Group, reflecting a bullish outlook on the stock.
• The technology company posted a quarterly earnings per share (EPS) of $1.39, beating analysts' expectations and showing a 21.0% increase in revenue year-over-year.

Brendel Financial Advisors LLC bought a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,714 shares of the technology company's stock, valued at approximately $268,000.

Several other institutional investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its holdings in Celestica by 1,103.8% in the 1st quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company's stock worth $1,930,000 after buying an additional 22,452 shares during the period. Consolidated Planning Corp purchased a new stake in Celestica in the 1st quarter valued at about $3,361,000. Think Investments LP purchased a new stake in Celestica in the 1st quarter valued at about $14,939,000. Royal Bank of Canada lifted its position in shares of Celestica by 1.5% in the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock worth $100,922,000 after purchasing an additional 19,391 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Celestica by 79.3% during the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock worth $78,162,000 after acquiring an additional 438,762 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CLS. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Wall Street Zen cut shares of Celestica from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Barclays raised their price objective on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Canaccord Genuity Group increased their price objective on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, UBS Group reiterated a "neutral" rating and issued a $208.00 target price (up from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Two 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.com, Celestica presently has an average rating of "Buy" and an average target price of $174.75.

Celestica Stock Up 0.3%

Shares of CLS traded up $0.68 during mid-day trading on Friday, reaching $252.72. 3,754,555 shares of the stock traded hands, compared to its average volume of 3,124,105. The firm has a market cap of $29.07 billion, a price-to-earnings ratio of 54.70 and a beta of 1.89. The stock has a fifty day simple moving average of $202.25 and a 200 day simple moving average of $140.34. Celestica, Inc. has a 12-month low of $48.18 and a 12-month high of $258.16. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48.

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 (EPS) for the quarter, topping 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%. The business's revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Sell-side analysts expect that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

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.