CTS (NYSE:CTS) Now Covered by Barrington Research

Key Points

• Barrington Research initiated coverage of CTS with an “outperform” rating and an $80 price target, implying 42.61% upside from the prior close.
• Analyst sentiment is mixed but generally positive: CTS has a consensus “Moderate Buy” rating and a $73.50 average price target, with two Buy and two Hold ratings.
• CTS recently exceeded quarterly expectations, reporting $0.74 in EPS versus the $0.61 consensus and $144.78 million in revenue; institutional investors own 96.87% of the stock.

Equities research analysts at Barrington Research started coverage on shares of CTS (NYSE:CTS - Get Free Report) in a research report issued to clients and investors on Thursday, Benzinga reports. The firm set an "outperform" rating and a $80.00 price target on the electronics maker's stock. Barrington Research's price objective suggests a potential upside of 42.61% from the stock's previous close.

Several other equities research analysts have also issued reports on CTS. Lake Street Capital initiated coverage on CTS in a research note on Wednesday, September 2nd. They issued a "buy" rating and a $67.00 price objective for the company. Zacks Research lowered shares of CTS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Wall Street Zen lowered CTS from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings lowered CTS from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.50.

CTS Stock Down 1.1%

NYSE CTS opened at $56.10 on Thursday. The company has a current ratio of 2.61, a quick ratio of 2.07 and a debt-to-equity ratio of 0.10. CTS has a 12 month low of $36.03 and a 12 month high of $69.55. The stock's 50 day moving average is $60.34 and its 200 day moving average is $58.06. The stock has a market cap of $1.60 billion, a PE ratio of 23.57, a P/E/G ratio of 1.30 and a beta of 1.03.

CTS (NYSE:CTS - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.74 EPS for the quarter, beating the consensus estimate of $0.61 by $0.13. CTS had a net margin of 12.37% and a return on equity of 13.48%. The business had revenue of $144.78 million during the quarter, compared to the consensus estimate of $143.43 million. During the same quarter in the prior year, the firm earned $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. Research analysts predict that CTS will post 2.72 EPS for the current fiscal year.

Hedge Funds Weigh In On CTS

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in CTS in the second quarter valued at approximately $293,472,000. California State Teachers Retirement System grew its stake in CTS by 7,474.1% during the 2nd quarter. California State Teachers Retirement System now owns 2,001,072 shares of the electronics maker's stock valued at $130,450,000 after purchasing an additional 1,974,652 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of CTS in the second quarter valued at about $14,716,000. Jupiter Topco LLC purchased a new position in shares of CTS in the second quarter worth about $11,762,000. Finally, Bank of America Corp DE purchased a new position in shares of CTS in the second quarter worth about $9,746,000. 96.87% of the stock is currently owned by institutional investors.

About CTS

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.

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