Toth Financial Advisory Corp Acquires New Position in Celestica, Inc. $CLS

Key Points

• Toth Financial Advisory Corp has invested approximately $468,000 in a new position, acquiring 3,000 shares of Celestica, Inc. during the second quarter.
• Analysts have expressed confidence in Celestica, with multiple brokerages raising their price targets significantly, including JPMorgan lifting it to $295.00 and Canaccord Genuity to $240.00.
• Celestica reported earnings of $1.39 EPS for the last quarter, exceeding expectations and demonstrating a 21.0% revenue increase year-over-year.

Toth Financial Advisory Corp acquired a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,000 shares of the technology company's stock, valued at approximately $468,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CLS. Vanguard Group Inc. boosted its stake in shares of Celestica by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock valued at $356,135,000 after purchasing an additional 35,690 shares during the last quarter. Voya Investment Management LLC raised its position in Celestica by 362.8% during the first quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock worth $146,122,000 after acquiring an additional 1,453,473 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Celestica by 1.5% in the first quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock valued at $100,922,000 after purchasing an additional 19,391 shares during the last quarter. Alkeon Capital Management LLC bought a new stake in Celestica during the first quarter worth about $96,936,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Celestica by 79.3% in the first 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 during the last quarter. Institutional investors own 67.38% of the company's stock.

Celestica Trading Up 0.8%

Shares of CLS traded up $1.92 during midday trading on Monday, hitting $254.85. 2,211,367 shares of the stock were exchanged, compared to its average volume of 3,168,638. Celestica, Inc. has a 52-week low of $48.77 and a 52-week high of $258.16. The firm has a market cap of $29.32 billion, a P/E ratio of 55.16 and a beta of 1.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The stock has a fifty day simple moving average of $204.10 and a 200 day simple moving average of $141.92.

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, beating the consensus estimate of $1.23 by $0.16. The firm 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 firm's revenue was up 21.0% compared to the same quarter last year. During the same period in the prior 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. On average, research analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CLS has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. Citigroup upped their target price on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Barclays upped their price target on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their price objective on Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Canaccord Genuity Group raised their price objective on Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $174.75.

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.