CTS (NYSE:CTS) Upgraded to Strong-Buy at Zacks Research

CTS (NYSE:CTS) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other research firms also recently commented on CTS. Wall Street Zen upgraded shares of CTS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of CTS in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, CTS has an average rating of “Buy”.

CTS Price Performance

CTS stock opened at $59.89 on Wednesday. The company has a current ratio of 2.52, a quick ratio of 1.98 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.71 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The stock has a 50-day moving average price of $53.25 and a two-hundred day moving average price of $49.36. CTS has a 1 year low of $36.03 and a 1 year high of $62.02.

CTS (NYSE:CTS) last announced its earnings results on Wednesday, April 29th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. The business had revenue of $139.23 million for the quarter, compared to analyst estimates of $136.83 million. CTS had a return on equity of 12.90% and a net margin of 12.46%.CTS has set its FY 2026 guidance at 2.350-2.450 EPS. Equities analysts forecast that CTS will post 2.43 EPS for the current fiscal year.

Institutional Investors Weigh In On CTS

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in CTS by 11.2% during the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after purchasing an additional 710 shares during the period. Amundi lifted its position in shares of CTS by 9.7% in the first quarter. Amundi now owns 11,542 shares of the electronics maker’s stock valued at $480,000 after buying an additional 1,019 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of CTS by 19.4% in the first quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock valued at $398,000 after buying an additional 1,558 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of CTS by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock worth $744,000 after acquiring an additional 785 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of CTS by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock worth $2,921,000 after acquiring an additional 7,144 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

About CTS

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.