Zacks: CTS Co. (CTS) Given $30.50 Consensus Target Price by Analysts

Shares of CTS Co. (NYSE:CTS) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokerages have set a one year consensus price objective of $30.50 for the company, according to Zacks. Zacks has also given CTS an industry rank of 165 out of 256 based on the ratings given to related companies.

Separately, ValuEngine downgraded shares of CTS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th.

Shares of NYSE:CTS traded up $0.05 during trading hours on Thursday, reaching $27.57. The stock had a trading volume of 110,479 shares, compared to its average volume of 163,538. CTS has a 1 year low of $24.07 and a 1 year high of $39.20. The company has a current ratio of 2.26, a quick ratio of 1.86 and a debt-to-equity ratio of 0.13. The company has a market cap of $902.61 million, a PE ratio of 22.41 and a beta of 1.34.

CTS (NYSE:CTS) last announced its quarterly earnings data on Thursday, October 25th. The electronics maker reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. CTS had a net margin of 3.33% and a return on equity of 14.11%. The company had revenue of $118.86 million for the quarter. As a group, equities research analysts expect that CTS will post 1.51 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Friday, December 28th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, December 27th. CTS’s dividend payout ratio (DPR) is 13.01%.

Several hedge funds and other institutional investors have recently bought and sold shares of CTS. US Bancorp DE grew its position in shares of CTS by 558.2% in the 3rd quarter. US Bancorp DE now owns 3,258 shares of the electronics maker’s stock valued at $112,000 after buying an additional 2,763 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of CTS in the 2nd quarter valued at $121,000. ClariVest Asset Management LLC purchased a new position in shares of CTS in the 3rd quarter valued at $140,000. Advisors Asset Management Inc. grew its position in shares of CTS by 152.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,742 shares of the electronics maker’s stock valued at $197,000 after buying an additional 3,464 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of CTS in the 3rd quarter valued at $300,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

CTS Company Profile

CTS Corp is a designer and manufacturer of electronic components, actuators and sensors and a provider of services to OEMs in the automotive, communications, medical, defense and aerospace, industrial and computer markets. The company manufacture products in North America, Europe and Asia. CTS was founded in 1896 and is headquartered in Lisle, IL.

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