FORA Capital LLC Has $4.32 Million Stock Position in Celestica, Inc. $CLS

Key Points

• FORA Capital LLC increased its holdings in Celestica, Inc. by 143.4% during Q1, acquiring an additional 32,282 shares, valuing their total investment at $4,319,000.
• Celestica reported a Q2 net income of $1.39 earnings per share, surpassing estimates of $1.23, and its revenue increased by 21.0% year-over-year.
• Several brokerages upgraded their price targets for Celestica, with Royal Bank of Canada raising their target from $185 to $225, reflecting growing analyst confidence in the stock.

FORA Capital LLC grew its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 143.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,800 shares of the technology company's stock after purchasing an additional 32,282 shares during the quarter. FORA Capital LLC's holdings in Celestica were worth $4,319,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Consolidated Planning Corp acquired a new stake in Celestica during the first quarter worth about $3,361,000. Summerhill Capital Management lnc. acquired a new stake in Celestica during the first quarter worth about $2,283,000. Nations Financial Group Inc. IA ADV boosted its holdings in Celestica by 8.4% during the first quarter. Nations Financial Group Inc. IA ADV now owns 17,243 shares of the technology company's stock valued at $1,359,000 after purchasing an additional 1,341 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Celestica by 39.3% during the fourth quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock valued at $70,164,000 after purchasing an additional 214,872 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Celestica during the first quarter valued at approximately $819,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Down 8.1%

Shares of Celestica stock traded down $17.21 during trading hours on Friday, reaching $195.12. 3,928,552 shares of the company's stock were exchanged, compared to its average volume of 2,909,284. The company has a 50 day moving average of $177.19 and a two-hundred day moving average of $127.57. Celestica, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $218.80. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The stock has a market cap of $22.45 billion, a P/E ratio of 42.23 and a beta of 1.80.

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, topping analysts' consensus estimates of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the business posted $0.91 EPS. The company's quarterly revenue was up 21.0% on a year-over-year basis. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. On average, sell-side analysts forecast that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of recent research reports. Citigroup lifted their price objective on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Canaccord Genuity Group boosted their price objective on shares of Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Barclays upped their target price on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. UBS Group reiterated a "neutral" rating and set a $208.00 target price (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Finally, Wall Street Zen upgraded shares of Celestica from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $168.92.

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.