Baskin Financial Services Inc. Makes New Investment in Celestica, Inc. $CLS

Baskin Financial Services Inc. bought a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, Holdings Channel reports. The firm bought 1,500 shares of the technology company’s stock, valued at approximately $234,000.

A number of other institutional investors have also recently bought and sold shares of CLS. Wealth Enhancement Advisory Services LLC acquired a new stake in Celestica during the 4th quarter worth $405,000. Farther Finance Advisors LLC grew its holdings in Celestica by 1,516.7% during the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company’s stock worth $54,000 after acquiring an additional 637 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Celestica by 20.3% during the first quarter. Harbor Capital Advisors Inc. now owns 25,550 shares of the technology company’s stock worth $2,014,000 after purchasing an additional 4,320 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Celestica during the first quarter worth $415,000. Finally, NewGen Asset Management Ltd bought a new position in shares of Celestica during the first quarter worth $5,517,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Trading Up 2.0%

CLS opened at $260.00 on Friday. The stock has a market capitalization of $29.91 billion, a P/E ratio of 56.28 and a beta of 1.88. Celestica, Inc. has a 12 month low of $55.30 and a 12 month high of $261.83. The firm’s fifty day simple moving average is $223.32 and its 200 day simple moving average is $155.17. 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) (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. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the firm posted $0.91 EPS. The firm’s revenue was up 21.0% compared to the same quarter last year. 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, research analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analyst Ratings Changes

CLS has been the topic of a number of recent analyst reports. 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. Citigroup lifted their price target on shares of Celestica from $172.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. CICC Research initiated coverage on shares of Celestica in a research report on Tuesday, August 19th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of 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 price target on shares of Celestica from $146.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $207.38.

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.