CTS (NYSE:CTS) Downgraded to Buy Rating by Wall Street Zen

CTS (NYSE:CTS) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of CTS in a report on Saturday, September 27th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, CTS has a consensus rating of “Hold”.

CTS Price Performance

CTS opened at $39.65 on Friday. The company has a 50-day moving average of $41.09 and a 200-day moving average of $40.96. The company has a market capitalization of $1.17 billion, a P/E ratio of 18.70, a PEG ratio of 1.11 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 debt-to-equity ratio of 0.16, a quick ratio of 2.04 and a current ratio of 2.61.

CTS (NYSE:CTS) last announced its quarterly earnings data on Thursday, July 24th. The electronics maker reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $135.30 million during the quarter, compared to the consensus estimate of $132.65 million. CTS had a net margin of 12.32% and a return on equity of 12.31%. During the same quarter in the prior year, the firm earned $0.54 EPS. CTS has set its FY 2025 guidance at 2.200-2.350 EPS. Equities analysts expect that CTS will post 2.28 EPS for the current fiscal year.

Hedge Funds Weigh In On CTS

Large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new position in shares of CTS during the first quarter worth approximately $37,000. GAMMA Investing LLC boosted its holdings in shares of CTS by 81.3% in 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 during the period. Larson Financial Group LLC acquired a new position in shares of CTS in the first quarter valued at approximately $75,000. Pacer Advisors Inc. boosted its holdings in shares of CTS by 17.3% in 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 during the period. Finally, Aristides Capital LLC boosted its holdings in shares of CTS by 7.8% in 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 during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

CTS Company Profile

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.