Wall Street Zen Downgrades CTS (NYSE:CTS) to Hold

Key Points

• Wall Street Zen downgraded CTS from “buy” to “hold,” while Zacks Research and Weiss Ratings also issued hold ratings. The stock retains a “Moderate Buy” consensus with an average price target of $73.50.
• CTS reported quarterly EPS of $0.74, beating the $0.61 consensus estimate, and revenue of $144.78 million versus expectations of $143.43 million. Management’s FY 2026 EPS guidance is $2.55–$2.70.
• CTS shares opened at $58.31, compared with a 52-week range of $36.03 to $69.55, while institutional investors own 96.87% of the company’s stock.

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

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

CTS Price Performance

CTS stock opened at $58.31 on Friday. CTS has a 1 year low of $36.03 and a 1 year high of $69.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.07 and a current ratio of 2.61. The stock's 50 day moving average price is $59.94 and its 200 day moving average price is $58.24. The firm has a market cap of $1.67 billion, a P/E ratio of 24.50, a PEG ratio of 1.35 and a beta of 1.03.

CTS (NYSE:CTS - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.13. CTS had a return on equity of 13.48% and a net margin of 12.37%.The company had revenue of $144.78 million during the quarter, compared to the consensus estimate of $143.43 million. 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. On average, sell-side analysts expect that CTS will post 2.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CTS

Several large investors have recently added to or reduced their stakes in CTS. BlackRock Inc. purchased a new stake in CTS in the 2nd quarter valued at about $293,472,000. Bank of New York Mellon Corp purchased a new position in shares of CTS during the 2nd quarter worth about $14,716,000. Jupiter Topco LLC purchased a new position in shares of CTS during the 2nd quarter worth about $11,762,000. Bank of America Corp DE purchased a new position in shares of CTS during the 2nd quarter worth about $9,746,000. Finally, Heartland Advisors Inc. acquired a new stake in shares of CTS in the second quarter worth approximately $7,034,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

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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