CTS (NYSE:CTS) Now Covered by Lake Street Capital

Key Points

• Lake Street Capital initiated coverage of CTS with a “Buy” rating and a $67 price target, implying approximately 19.4% upside from the reported $56.10 share price.
• CTS reported quarterly EPS of $0.74, exceeding the $0.61 consensus estimate, while revenue of $144.78 million also topped expectations. The company issued fiscal 2026 EPS guidance of $2.55–$2.70.
• Analyst sentiment remains mixed, with one Buy and two Hold ratings, producing an overall “Hold” consensus and a $67 average price target. Institutional investors and hedge funds own approximately 96.87% of CTS shares.

Equities research analysts at Lake Street Capital assumed coverage on shares of CTS (NYSE:CTS - Get Free Report) in a research note issued on Wednesday, Marketbeat Ratings reports. The firm set a "buy" rating and a $67.00 price target on the electronics maker's stock. Lake Street Capital's price target indicates a potential upside of 19.43% from the company's current price.

A number of other analysts have also commented on CTS. Weiss Ratings lowered 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 note on Monday, June 29th. Finally, Wall Street Zen downgraded shares of CTS from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. One analyst has 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 an average rating of "Hold" and an average price target of $67.00.

CTS Stock Down 0.7%

Shares of NYSE:CTS opened at $56.10 on Wednesday. The company has a fifty day moving average of $61.38 and a 200-day moving average of $58.03. The company has a market capitalization 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. 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 has a 52-week low of $36.03 and a 52-week high of $69.55.

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

Hedge Funds Weigh In On CTS

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LP boosted its holdings in CTS by 29.0% in the second quarter. Corient Private Wealth LP now owns 8,537 shares of the electronics maker's stock valued at $557,000 after acquiring an additional 1,921 shares during the last quarter. California State Teachers Retirement System raised its holdings 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 worth $130,450,000 after purchasing an additional 1,974,652 shares during the last quarter. AXQ Capital LP raised its stake in CTS by 22.9% during the second quarter. AXQ Capital LP now owns 8,002 shares of the electronics maker's stock worth $522,000 after buying an additional 1,490 shares during the last quarter. Nykredit A S bought a new position in CTS during the second quarter worth $25,000. Finally, B. Metzler seel. Sohn & Co. AG lifted its holdings in CTS by 97.3% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 75,645 shares of the electronics maker's stock valued at $4,931,000 after buying an additional 37,297 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

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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