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Weiss Ratings Reiterates "Hold (C)" Rating for CTS (NYSE:CTS)

CTS logo with Computer and Technology background

Key Points

  • Weiss Ratings has reaffirmed its "Hold (C)" rating for CTS (NYSE:CTS), indicating a neutral stance on the stock.
  • CTS's shares saw a 1.2% increase, reaching $38.74 during midday trading, with an average trading volume below its typical count.
  • The company reported quarterly earnings surpassing expectations, with an EPS of $0.57 compared to the consensus estimate of $0.55 and has set FY 2025 guidance between 2.200-2.350 EPS.
  • Five stocks we like better than CTS.

CTS (NYSE:CTS - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered CTS from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, CTS has an average rating of "Hold".

Read Our Latest Report on CTS

CTS Stock Up 1.2%

Shares of CTS traded up $0.45 during midday trading on Wednesday, reaching $38.74. 125,249 shares of the company were exchanged, compared to its average volume of 195,581. The stock has a 50-day moving average price of $40.96 and a 200-day moving average price of $40.88. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 1.07 and a beta of 0.84. CTS has a 1-year low of $34.02 and a 1-year high of $59.68. The company has a current ratio of 2.61, a quick ratio of 2.04 and a debt-to-equity ratio of 0.16.

CTS (NYSE:CTS - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The electronics maker reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. CTS had a return on equity of 12.31% and a net margin of 12.32%.The company had revenue of $135.30 million for the quarter, compared to analysts' expectations of $132.65 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. CTS has set its FY 2025 guidance at 2.200-2.350 EPS. Research analysts expect that CTS will post 2.28 earnings per share for the current year.

Institutional Trading of CTS

Several institutional investors and hedge funds have recently bought and sold shares of CTS. Meeder Asset Management Inc. acquired a new stake in CTS during the first quarter valued at approximately $37,000. GAMMA Investing LLC raised its stake in CTS by 81.3% during the first quarter. GAMMA Investing LLC now owns 1,273 shares of the electronics maker's stock valued at $53,000 after buying an additional 571 shares in the last quarter. Larson Financial Group LLC acquired a new stake in CTS during the first quarter valued at approximately $75,000. Pacer Advisors Inc. raised its stake in CTS by 17.3% during the first quarter. Pacer Advisors Inc. now owns 2,863 shares of the electronics maker's stock valued at $119,000 after buying an additional 422 shares in the last quarter. Finally, Aristides Capital LLC raised its stake in CTS by 7.8% during the first quarter. Aristides Capital LLC now owns 6,255 shares of the electronics maker's stock valued at $260,000 after buying an additional 450 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

CTS Company Profile

(Get Free Report)

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.

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