CTS (NYSE:CTS) Raised to “Buy” at Wall Street Zen
by Amy Steele · The Cerbat GemCTS (NYSE:CTS – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday, Wall Street Zen reports.
CTS has been the topic of a number of other reports. Lake Street Capital initiated coverage on CTS in a report on Wednesday, September 2nd. They issued a “buy” rating and a $67.00 price target on the stock. Weiss Ratings cut CTS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Zacks Research downgraded CTS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Barrington Research initiated coverage on CTS in a research note on Thursday, September 10th. They issued an “outperform” rating and a $80.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CTS currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.50.
Get Our Latest Research Report on CTS
CTS Stock Performance
Shares of NYSE:CTS opened at $59.34 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.07 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average is $59.92 and its 200 day moving average is $58.69. CTS has a 12 month low of $36.03 and a 12 month high of $69.55. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.40 and a beta of 1.03.
CTS (NYSE:CTS – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.13. The firm had revenue of $144.78 million during the quarter, compared to analyst estimates of $143.43 million. CTS had a return on equity of 13.48% and a net margin of 12.37%.During the same period last year, the company earned $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. Research analysts predict that CTS will post 2.66 EPS for the current year.
Hedge Funds Weigh In On CTS
Several hedge funds have recently made changes to their positions in CTS. Nykredit A S purchased a new position in CTS in the 2nd quarter worth $25,000. Global Retirement Partners LLC acquired a new stake in CTS during the 2nd quarter worth about $33,000. Public Employees Retirement System of Ohio purchased a new stake in CTS during the 2nd quarter valued at about $34,000. Parallel Advisors LLC grew its stake in CTS by 308.5% during the 1st quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock valued at $67,000 after purchasing an additional 1,058 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of CTS by 29.6% in the second quarter. GAMMA Investing LLC now owns 1,046 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 239 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.
About CTS
CTS Corporation (NYSE: CTS) designs and manufactures sensors, actuators, electronic components and assemblies used in a range of industrial and commercial applications. Its products include pressure, temperature and position sensors; piezoelectric and other actuators; switches; electronic controls; frequency-control products; and custom-engineered assemblies.
The company serves customers in the transportation, aerospace and defense, industrial, medical and communications markets. CTS products are used in applications such as vehicle systems, industrial automation, medical equipment, aerospace systems and other products that require sensing, control, switching or electronic connectivity.
CTS traces its history to 1896, when it was established as Chicago Telephone Supply.