CTS (NYSE:CTS) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded CTS from “hold” to “buy,” while other analysts remain divided. MarketBeat reports a consensus “Moderate Buy” rating and a $73.50 average price target.
• CTS recently exceeded quarterly expectations, reporting $0.74 in earnings per share versus a $0.61 consensus estimate and revenue of $144.78 million. The company maintained fiscal 2026 EPS guidance of $2.55–$2.70.
• CTS shares opened at $59.70, with a market capitalization of about $1.71 billion; institutional investors and hedge funds own 96.87% of the stock.

CTS (NYSE:CTS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Several other equities analysts have also recently issued reports on CTS. Weiss Ratings cut shares of CTS from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Lake Street Capital began coverage on shares of CTS in a research report on Wednesday, September 2nd. They issued a "buy" rating and a $67.00 price target on the stock. Barrington Research assumed coverage on CTS in a research report on Thursday, September 10th. They set an "outperform" rating and a $80.00 price objective for the company. Finally, Zacks Research cut CTS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.50.

CTS Stock Up 0.2%

Shares of NYSE CTS opened at $59.70 on Friday. CTS has a 52 week low of $36.03 and a 52 week high of $69.55. The company has a quick ratio of 2.07, a current ratio of 2.61 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $59.92 and a 200 day moving average price of $58.53. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 1.40 and a beta of 1.03.

CTS (NYSE:CTS - Get Free Report) last announced its earnings results 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 business had revenue of $144.78 million during the quarter, compared to analysts' expectations 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 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. Equities research analysts anticipate that CTS will post 2.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. lifted its stake in CTS by 48.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,093 shares of the electronics maker's stock valued at $462,000 after acquiring an additional 2,308 shares during the last quarter. Engineers Gate Manager LP bought a new stake in CTS in the second quarter worth $853,000. Integrated Wealth Concepts LLC acquired a new position in CTS during the second quarter worth $79,000. Squarepoint Ops LLC acquired a new position in CTS during the second quarter worth $667,000. Finally, Nykredit A S acquired a new stake in shares of CTS in the second quarter worth about $25,000. 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.

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