Barrington Research Initiates Coverage on CTS (NYSE:CTS)

Equities researchers at Barrington Research initiated coverage on shares of CTS (NYSE:CTS) in a research note issued on Thursday, Benzinga reports. The brokerage set an “outperform” rating and a $80.00 price target on the electronics maker’s stock. Barrington Research’s target price points to a potential upside of 42.61% from the stock’s current price.

CTS has been the subject of a number of other reports. Zacks Research downgraded CTS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings lowered shares of CTS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Wall Street Zen cut shares of CTS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Lake Street Capital initiated coverage on shares of CTS in a research report on Wednesday, September 2nd. They set a “buy” rating and a $67.00 price target on the stock. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, CTS has an average rating of “Moderate Buy” and a consensus price target of $73.50.

CTS Price Performance

Shares of CTS opened at $56.10 on Thursday. The business’s 50-day moving average is $60.34 and its two-hundred day moving average is $58.06. The company has a market capitalization of $1.60 billion, a P/E ratio of 23.57, a P/E/G 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 fifty-two week low of $36.03 and a fifty-two week high of $69.55.

CTS (NYSE:CTS) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.13. The firm 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 in the prior year, the business earned $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. Research analysts predict that CTS will post 2.72 earnings per share for the current year.

Institutional Trading of CTS

Institutional investors and hedge funds have recently modified their holdings of the stock. Nykredit A S acquired a new position in shares of CTS during the 2nd quarter worth about $25,000. Global Retirement Partners LLC purchased a new stake in CTS during the 2nd quarter worth approximately $33,000. Public Employees Retirement System of Ohio purchased a new stake in CTS during the 2nd quarter worth approximately $34,000. Parallel Advisors LLC raised its holdings in shares of CTS by 308.5% during the first quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock valued at $67,000 after acquiring an additional 1,058 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of CTS by 29.6% in the second quarter. GAMMA Investing LLC now owns 1,046 shares of the electronics maker’s stock valued at $68,000 after acquiring an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

CTS Company Profile

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.