CTS Co. (NYSE:CTS) Receives $41.50 Consensus Target Price from Analysts

CTS Co. (NYSE:CTS – Get Rating) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $41.50.

Several brokerages have recently issued reports on CTS. StockNews.com began coverage on CTS in a research note on Thursday, May 18th. They set a “buy” rating on the stock. Stephens reaffirmed an “equal weight” rating and set a $41.00 price target on shares of CTS in a research note on Wednesday, February 8th.

CTS Price Performance

CTS stock opened at $44.67 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.45 and a current ratio of 3.05. The firm has a market cap of $1.41 billion, a P/E ratio of 24.69 and a beta of 0.75. The business’s fifty day moving average is $44.09 and its two-hundred day moving average is $43.27. CTS has a 52 week low of $31.90 and a 52 week high of $49.59.

CTS (NYSE:CTS – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The electronics maker reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The company had revenue of $145.99 million for the quarter, compared to analyst estimates of $142.89 million. CTS had a return on equity of 15.45% and a net margin of 9.86%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Equities research analysts forecast that CTS will post 2.6 earnings per share for the current fiscal year.

CTS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, June 30th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.16 dividend on an annualized basis and a yield of 0.36%. CTS’s dividend payout ratio is presently 8.84%.

Institutional Investors Weigh In On CTS

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its holdings in CTS by 140.3% in the first quarter. Tower Research Capital LLC TRC now owns 728 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 425 shares during the last quarter. FMR LLC increased its holdings in CTS by 39.1% in the first quarter. FMR LLC now owns 986 shares of the electronics maker’s stock valued at $49,000 after purchasing an additional 277 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of CTS by 516.8% in the third quarter. Quadrant Capital Group LLC now owns 1,030 shares of the electronics maker’s stock worth $43,000 after acquiring an additional 863 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of CTS during the second quarter worth about $56,000. Finally, AXS Investments LLC acquired a new stake in shares of CTS during the fourth quarter worth about $76,000. Institutional investors own 95.61% of the company’s stock.

CTS Company Profile

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CTS Corp. engages in the design and manufacture of sensors, connectivity components, and actuators. Its products include controls, pedals, piezo sensing products, sensors, switches, transducers, electromagnetic and radio frequency interference filters, capacitors, frequency control, resistors, piezo microactuators, and rotary microactuators.