Ameriflex Group Inc. Makes New Investment in Celestica, Inc. $CLS

Ameriflex Group Inc. bought a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 884 shares of the technology company’s stock, valued at approximately $133,000.

Other hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its stake in Celestica by 1,103.8% in the 1st quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company’s stock worth $1,930,000 after acquiring an additional 22,452 shares in the last quarter. Consolidated Planning Corp bought a new position in Celestica in the 1st quarter worth about $3,361,000. Think Investments LP bought a new position in shares of Celestica during the first quarter valued at approximately $14,939,000. Royal Bank of Canada boosted its stake in shares of Celestica by 1.5% during 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 in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Celestica by 79.3% during the first quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company’s stock valued at $78,162,000 after purchasing an additional 438,762 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity Group increased their price objective 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. CICC Research assumed coverage on shares of Celestica in a research note on Tuesday, August 19th. They set an “outperform” rating on the stock. Citigroup increased their price objective 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. 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. Finally, TD Cowen reiterated a “hold” rating and set a $238.00 price objective on shares of Celestica in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and a consensus target price of $207.38.

Celestica Price Performance

Shares of CLS opened at $234.08 on Friday. The company has a market cap of $26.93 billion, a price-to-earnings ratio of 50.67 and a beta of 1.88. Celestica, Inc. has a twelve month low of $52.25 and a twelve month high of $261.83. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $219.11 and a two-hundred day moving average of $151.41.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, beating the consensus estimate 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 net margin of 5.11% and a return on equity of 28.23%. Celestica’s revenue was up 21.0% compared to the same quarter last year. During the same period last year, the firm earned $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. As a group, analysts predict 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.