CTS (NYSE:CTS) Earns Buy Rating from Analysts at Lake Street Capital

Equities research analysts at Lake Street Capital started coverage on shares of CTS (NYSE:CTS) in a report released on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $67.00 price target on the electronics maker’s stock. Lake Street Capital’s price target would indicate a potential upside of 19.43% from the stock’s current price.

Other research analysts have also issued reports about the stock. Wall Street Zen lowered shares of CTS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of CTS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Finally, Zacks Research lowered shares of CTS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $67.00.

CTS Price Performance

Shares of CTS opened at $56.10 on Wednesday. The firm has a market cap of $1.60 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.30 and a beta of 1.03. CTS has a 52-week low of $36.03 and a 52-week high of $69.55. The business’s 50 day moving average price is $61.38 and its two-hundred day moving average price is $58.03. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.07 and a current ratio of 2.61.

CTS (NYSE:CTS) last announced its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.74 EPS for the quarter, topping the consensus estimate of $0.61 by $0.13. The company had revenue of $144.78 million during the quarter, compared to the consensus estimate of $143.43 million. CTS had a net margin of 12.37% and a return on equity of 13.48%. During the same quarter last year, the firm posted $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. On average, equities analysts anticipate that CTS will post 2.72 EPS for the current year.

Institutional Trading of CTS

Several hedge funds have recently bought and sold shares of CTS. Royal Bank of Canada increased its stake in CTS by 11.2% during the 1st quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock valued at $292,000 after purchasing an additional 710 shares in the last quarter. Amundi lifted its stake in shares of CTS by 9.7% during the 1st quarter. Amundi now owns 11,542 shares of the electronics maker’s stock valued at $480,000 after buying an additional 1,019 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of CTS by 19.4% during the 1st quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock valued at $398,000 after buying an additional 1,558 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of CTS by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock valued at $744,000 after acquiring an additional 785 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in CTS by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock worth $2,921,000 after purchasing an additional 7,144 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

CTS Company Profile

CTS Corporation (NYSE:CTS) is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company’s core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.