XML Financial LLC Purchases New Position in Celestica, Inc. $CLS

Key Points

• XML Financial LLC has acquired a new stake in Celestica, purchasing 1,825 shares valued at approximately $285,000 during the second quarter.
• Wall Street analysts have a positive outlook on Celestica, with multiple firms issuing price targets well above the current trading price, indicating expected growth.
• Celestica reported Q2 earnings of $1.39 per share, exceeding expectations and marking a year-over-year revenue increase of 21.0%.

XML Financial LLC purchased a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,825 shares of the technology company's stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ST Germain D J Co. Inc. bought a new position in shares of Celestica during the second quarter valued at approximately $37,000. Rothschild Investment LLC bought a new position in shares of Celestica during the first quarter valued at approximately $26,000. Wolff Wiese Magana LLC boosted its stake in shares of Celestica by 45.6% during the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company's stock valued at $57,000 after purchasing an additional 114 shares in the last quarter. ORG Partners LLC bought a new position in shares of Celestica during the first quarter valued at approximately $29,000. Finally, Center for Financial Planning Inc. bought a new position in shares of Celestica during the first quarter valued at approximately $30,000. 67.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of recent research reports. BNP Paribas reiterated an "outperform" rating and set a $300.00 price objective on shares of Celestica in a research note on Thursday, September 25th. UBS Group reiterated a "neutral" rating and set a $208.00 price objective (up from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their price objective on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Citigroup raised their target price on shares of Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, Canaccord Genuity Group raised their target price on shares of Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $184.38.

Celestica Trading Up 0.2%

NYSE CLS opened at $246.38 on Wednesday. The company has a fifty day simple moving average of $214.42 and a two-hundred day simple moving average of $148.18. The stock has a market cap of $28.34 billion, a P/E ratio of 53.33 and a beta of 1.89. Celestica, Inc. has a 12-month low of $48.97 and a 12-month high of $261.83. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

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 (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 analysts' expectations of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the company posted $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. On average, analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current 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.

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