BidaskClub upgraded shares of CTS Corporation (NYSE:CTS) from a sell rating to a hold rating in a research report report published on Tuesday, August 8th.
Separately, HSBC Holdings plc cut CTS Corporation from a buy rating to a hold rating in a report on Thursday, June 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. CTS Corporation presently has an average rating of Hold and a consensus target price of $24.50.
Shares of CTS Corporation (CTS) traded down 1.14% during mid-day trading on Tuesday, reaching $21.75. 74,661 shares of the company’s stock were exchanged. The company has a market cap of $716.29 million, a PE ratio of 23.87 and a beta of 1.23. The company’s 50-day moving average price is $22.11 and its 200 day moving average price is $21.70. CTS Corporation has a 52-week low of $16.35 and a 52-week high of $24.80.
CTS Corporation (NYSE:CTS) last issued its earnings results on Thursday, July 27th. The electronics maker reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. CTS Corporation had a return on equity of 11.54% and a net margin of 7.49%. The business had revenue of $105.70 million during the quarter, compared to analysts’ expectations of $103.31 million. During the same period in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that CTS Corporation will post $1.15 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This report was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://stocknewstimes.com/2017/08/19/cts-corporation-cts-upgraded-to-hold-by-bidaskclub-updated.html.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC raised its position in shares of CTS Corporation by 4.3% in the fourth quarter. Teachers Advisors LLC now owns 50,754 shares of the electronics maker’s stock worth $1,137,000 after buying an additional 2,094 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of CTS Corporation by 30.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 23,660 shares of the electronics maker’s stock worth $504,000 after buying an additional 5,470 shares in the last quarter. Norges Bank bought a new stake in CTS Corporation during the fourth quarter valued at approximately $9,041,000. Municipal Employees Retirement System of Michigan raised its stake in CTS Corporation by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 34,350 shares of the electronics maker’s stock valued at $731,000 after buying an additional 200 shares during the period. Finally, Vanguard Group Inc. raised its stake in CTS Corporation by 3.6% in the first quarter. Vanguard Group Inc. now owns 1,724,049 shares of the electronics maker’s stock valued at $36,723,000 after buying an additional 59,636 shares during the period. 91.85% of the stock is currently owned by institutional investors.
About CTS Corporation
CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets.
Receive News & Ratings for CTS Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTS Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
