J2 Capital Management Inc Invests $963,000 in Celestica, Inc. $CLS

Key Points

• J2 Capital Management Inc has invested $963,000 in Celestica, acquiring 6,168 shares, making it the firm's 19th largest holding.
• Several analysts have set new price targets for Celestica, with JPMorgan Chase raising its target to $295.00 and UBS Group lifting it to $208.00.
• Celestica reported a 21.0% increase in quarterly revenue year-over-year, with earnings per share of $1.39, exceeding analysts' estimates.

J2 Capital Management Inc bought a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,168 shares of the technology company's stock, valued at approximately $963,000. Celestica comprises 0.8% of J2 Capital Management Inc's investment portfolio, making the stock its 19th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in Celestica during the 4th quarter worth about $405,000. Versant Capital Management Inc purchased a new position in shares of Celestica in the first quarter worth approximately $84,000. Parallel Advisors LLC raised its holdings in shares of Celestica by 31.0% during the first quarter. Parallel Advisors LLC now owns 1,635 shares of the technology company's stock valued at $129,000 after acquiring an additional 387 shares during the period. Fulton Bank N.A. purchased a new stake in shares of Celestica in the 1st quarter valued at approximately $282,000. Finally, Lifestyle Asset Management Inc. acquired a new position in Celestica in the 1st quarter worth approximately $594,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. BNP Paribas reiterated an "outperform" rating and set a $300.00 price objective on shares of Celestica in a research report on Thursday, September 25th. Citigroup lifted their price target on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. UBS Group reissued a "neutral" rating and set a $208.00 price target (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. JPMorgan Chase & Co. raised their price objective on Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. Finally, Barclays lifted their target price on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $184.38.

Celestica Stock Performance

Shares of NYSE CLS opened at $251.91 on Thursday. The business's 50-day moving average price is $216.09 and its two-hundred day moving average price is $148.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. Celestica, Inc. has a one year low of $48.97 and a one year high of $261.83. The company has a market capitalization of $28.98 billion, a P/E ratio of 54.53 and a beta of 1.88.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business earned $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. 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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