Edmond DE Rothschild Holding S.A. Has $2 Million Position in Celestica, Inc. $CLS

Key Points

• Edmond DE Rothschild Holding S.A. significantly increased its position in Celestica, Inc. by 81%, totaling $2 million in holdings after purchasing 11,348 additional shares in Q1 2023.
• Analysts have a consensus rating of "Buy" on Celestica, with numerous firms adjusting price targets upward, including a target set as high as $240.00 from Canaccord Genuity Group.
• Celestica reported earnings of $1.39 EPS for its recent quarter, surpassing analysts' expectations, alongside a 21% increase in quarterly revenue compared to the previous year.

Edmond DE Rothschild Holding S.A. raised its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 81.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,352 shares of the technology company's stock after buying an additional 11,348 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Celestica were worth $2,001,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Rothschild Investment LLC bought a new position in shares of Celestica during the 1st quarter valued at about $26,000. ORG Partners LLC bought a new position in shares of Celestica during the 1st quarter valued at about $29,000. Center for Financial Planning Inc. bought a new position in shares of Celestica during the 1st quarter valued at about $30,000. Farther Finance Advisors LLC lifted its holdings in shares of Celestica by 1,516.7% during the 1st 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 in the last quarter. Finally, Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Celestica by 8,910.0% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company's stock valued at $71,000 after purchasing an additional 891 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CLS. BMO Capital Markets reiterated an "outperform" rating and set a $130.00 price objective (up previously from $118.00) on shares of Celestica in a report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their price objective on Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. CICC Research began coverage on Celestica in a report on Tuesday, August 19th. They set an "outperform" rating on the stock. Barclays lifted their price objective on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Finally, Canaccord Genuity Group lifted 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $168.92.

Celestica Trading Up 4.6%

NYSE CLS opened at $221.57 on Friday. The stock has a market capitalization of $25.49 billion, a price-to-earnings ratio of 47.96 and a beta of 1.89. The stock's 50 day moving average price is $182.18 and its two-hundred day moving average price is $129.69. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. Celestica, Inc. has a 52 week low of $40.65 and a 52 week high of $221.59.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its 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 firm had revenue of $2.89 billion for 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%.The business's quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business 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, analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current fiscal 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.

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