CTS Corporation (CTS): Key fundamentals of CTS

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CTS Corporation (NYSE:CTS) changes shares on Tuesday trading session, with a change of 0.44% or $0.09 shares. The trading starts at $21.37 and closed at $20.61 throughout the day. The trading session low price was $20.53 and day high was $21.67 on Tuesday, June 16. After the session, the Technology sector daily volume shifted to 0.13 million while its average volume is 193.12K. In other hand, the CTS market cap reached to $675.03M. While, its current target price is $20.70 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -8.73% and up 9.87% for month. Its quarterly performance was -3.72% below, while its half year performance is down -27.72%. CTS yearly performance stood at negative -24.59% and fall -31.02% for year-to-date. Current recommendation for CTS Corporation is 2.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CTS EPS (TTM) for 12-month is 0.86. EPS for this year is -20.60%, while for the next year its value is 1.13. Sales growth for the current quarter is 2.18 while its EPS Q/Q reached -66.20%. It has an EPS of 7.00% up for past five years and for the next five years will be up 11.00%.

Let’s take a look on the analyst recommendations on CTS for the current month and previous month. For the current month, 1 of 3 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 4 analysts participate in stock recommendation. Out of 4, 0 rated it sell, 1 rated it as Buy and 3 as Hold Ratings. On the other hand, target price ranges from $22.00-$27.00. Average target price for CTS was reached at $24.67.

Blackrock Inc., Price (T.Rowe) Associates Inc and Wellington Management Company, LLP are the top three holders in CTS Corporation (CTS) stock. On Mar 30, 2020, Blackrock Inc. has 4.98 million shares which valued 123.99 million. On Mar 30, 2020, Price (T.Rowe) Associates Inc owned 3.12 million shares which valued at 77.71 million. On Mar 30, 2020, Wellington Management Company, LLP has a total of 2.89 million shares which valued at 72.04 million. In the end, Wellington Management Company, LLP have 8.97% shares outstanding of CTS Corporation (CTS) on Mar 30, 2020. The insider ownership moved to 2.40% and institutional holding shifted to 96.00%.

The company posted an EPS (TTM) of 0.86. According to the most recent quarter report on (Jun 2020), 3 analysts estimated an average EPS of 0.07, while 0.4 EPS posted a year ago period. Analyst Estimated EPS for CTS published in the report was 0.05-0.08 during the same period. Comparing with last year, the average estimated EPS was 0.4 which is higher than 0.19 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CTS fall -22.79% for period of 200 days. SMA for 50 days was -4.61% which is showing red signal, while SMA-20 was -3.68%. The moving average value for CTS Corporation (CTS) is 25.27 and 21.48 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CTS stock. On Mar 13, Zulueta Alfonso G, Director, bought 940 trading shares at the cost of $22.17, which valued at 20840.0. On Mar 12, Zulueta Alfonso G, Director, bought 863 shares at the cost of $21.59, with total shares of 12,073. On Mar 11, Zulueta Alfonso G, Director, bought 860 shares at the cost of 23.45. After this transaction, Zulueta Alfonso G total shares reached to 11,210 which valued at 20167.0.